Course ID: BANK

Audits of Banks and Other Financial Institutions

This program is dedicated to demonstrating how audit, consulting, and tax associates can learn the accounting, tax, and auditing fundamentals of modern depository and lending institutions, as well as non-bank institutions. The course is complete with practical worksheets and insights such as the applicable metrics that create value for depository and lending institutions. These institutions are specialized and are one of, the most regulated industries in the world. Numerous references to best practice audits allow the auditor and consultants the opportunity to plan efficient and effective audits and reports.

  • Identify the impact of applicable accounting pronouncements to the financial institution industry and its regulatory environment, including the effects of the Dodd-Frank Act and U.S. implementation of Basel III requirements.
  • Identify current economic and industry developments affecting banking.
  • Identify the types of risks applicable to the financial institution industry.
  • Identify certain audit considerations and reporting issues that are unique and critical to banks and financial institutions.
  • Recognize specialized audit planning and testwork relating to audit areas including loan receivables, credit losses, cash, investments, foreclosed and real estate investments, deposits, and equity.

  • Regulatory and governmental supervision
  • Audit planning, risk assessment, and analytical procedures
  • Loan receivables and loan quality
  • Credit losses
  • Cash, investments, intangibles, hedging instruments, repurchase agreements, troubled debt, foreclosures, real estate investments, and deposits
  • Equity and capital
  • Shadow banking
  • Income taxes

Experienced auditors who perform audits of financial institutions

General audit knowledge or experience




This course is available to be scheduled as:

Group Live On-Demand - 8+ hours On-Demand Self Study

Let's Roll!

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