Looking for U.S. GAAP training for banks? Don’t settle for generic U.S. GAAP training. Online bank CPE courses and bank training program now available! Read More ...
Why are specialists so special? Using the Work of Audit Specialists
Feb 02, 2021The PCAOB standards for the use of specialists in an audit have changed! This post explores the auditor’s requirements for when specialists are used. Read More ...
OREO…the Cookie that No Banker Wants! Other Real Estate Owned Basics
Jul 14, 2020Why does a bank list “OREO” on their balance sheet? Did they invest in cookies? Nope! This post covers the basics of other real estate owned, or OREO. Read More ...
CECL: Forecasts under ASC 326 and Q1 2020 COVID-19 Impacts
Jun 02, 2020ASC 326 requires forecasts be considered in an entity’s CECL estimate. This post discusses forecasts and the impacts of COVID-19 on banks’ reserves. Read More ...
CECL: Recent Happenings with ASC 326
May 12, 2020Need an update on recent news with ASC 326? We cover effective dates, the CARES Act delay, implementation effects, and impact of COVID-19 in this post. Read More ...
Analysis of CECL Impacts (ASC 326) – 20 Banks with Varying Results!
Mar 24, 2020What’s the impact of the new current expected credit losses (CECL) model? We’ve analyzed the impact of ASC 326 on 20 banks. Check it out! Read More ...
Auditing Estimates: ‘Ch-ch-ch-ch-changes, turn and face the strange!’
Oct 15, 2019Changes are coming with respect to auditing accounting estimates. We’ll discuss these key changes, reminders about professional skepticism. Read More ...
PCAOB Inspection Results: What Do the Numbers Tell Us?
Aug 27, 2019What do the 2017 PCAOB inspection reports reflect? How does the deficiency rate compare to prior years? Which are the top deficiency areas? Read More ...