Banking and Financial Institutions

From financial statement audits to agreed upon procedures, Anders offers the full range of audit and assurance services for banks and financial institutions, including:

• Certified Audited Financial Statements, including SEC reporting for those banking organizations whose stock is publicly traded
• Financial Statement Preparation of Compilations and Reviews
• Agreed Upon Procedures
• Employee Benefit Plan Audits in Accordance with ERISA

We offer a cost-effective alternative for meeting all regulatory and bonding company requirements, including:

• Standardized Examination Procedures – specifically developed audit programs and procedures that are cost-effective, yet thorough
• Inclusion of Regulatory Compliance Procedures – includes regulatory compliance testing tailored to your individual bank’s needs

• External Loan Reviews
• Outsourcing Internal Audit
• Strategic Planning
• Bank Acquisition / Merger Assistance
  • Due diligence procedures for acquisition/merger candidates
  • Transaction Structuring
  • Regulatory Filings
  • Analysis of acquisition/merger issues
• Information Security Program Risk Assessment Documentation and Testing (pursuant to GLBA)
• IT Controls Review and Analysis
• Regulatory Compliance, all areas
• Internal Control Reviews for
  • FDICIA
  • Sarbanes-Oxley Act (Section 404)
• Corporate Profit Planning & Improvement
• Corporate Budgeting and Financial Management
• Regulatory Filings (Call Reports, FR-Y9’s, FR-Y6, etc.)
• Asset/Liability Management Assistance
• Subchapter S Elections and Conversions
• Trust Department Audits and Reviews
• ACH Self-Audits as required by NACHA
• STAR, NYCE, PULSE required audits
• Real Estate Cost Segregation Studies
• Fixed Asset Administration

Our regulatory compliance professionals can supplement your internal compliance personnel on an outsourcing basis or handle the entire compliance function. Our services include:

• Complete Compliance Audits
• Special Compliance Audits (HMDA, CRA, Bank Secrecy Act, Flood Insurance, Fair Lending)
• Outsourcing of the Internal Compliance Function
• Monitoring and Design of Policies and Procedures
• Compliance Training

Our experienced professionals will meet all of your tax planning and compliance needs, from maximizing after-tax earnings to avoiding unexpected exposure to tax deficiencies. Our tax planning and compliance services include:

• Preparation of Federal and State Returns
  • Corporations
  • Partnerships
  • LLC’s / LLP’s
  • Estates and Trusts
  • Not-for-Profit Organizations
  • Individuals
• Representation in IRS Discussions / Examinations
• Corporate Tax Planning, Research, and Strategies
• Calculation of Accruals, Including Deferred Taxes
• State and Local Tax Planning
• Tax Credits and Incentives

Another matter often criticized by regulatory authorities, even for those community banks with strong loan portfolios, is the need for some form of loan review methodology.  Many community bankers do not believe such a function is cost effective for smaller banks, as it may necessitate another full-time person or take time away from existing loan personnel.  We have performed numerous external loan reviews for banks wishing to outsource this function and have also assisted several banks in establishing in-house loan review capabilities.

Using data and innovative technologies can help move your business forward. Our advisors can work alongside your technology staff or work as your technology department to create efficiencies and optimize processes.

• Cloud Infrastructure
• Cybersecurity
• Data Analytics
• Managed Services
• Technology Consulting

Understanding the value of your business is vital when it comes time to sell or add partners. Our forensic and litigation advisors work with banks and financial institutions on valuations and various litigation, fraud and forensics situations as needed.

• Fraud and Forensics
• Litigation and Dispute
• Valuation