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Publications

Depository and Lending Institutions: Banks and Savings Institutions, Credit Unions, Finance Companies, and Mortgage Companies - Audit and Accounting Guide

Publisher: AICPA
  • $79.00-$99.00
    Depository and Lending Institutions: Banks and Savings Institutions, Credit Unions, Finance Companies, and Mortgage Companies - Audit and Accounting Guide Backordered Product #: AAGDEP17P
    AICPA Member: $79.00
    Non-Member: $99.00
  • $69.00-$89.00
    Depository and Lending Institutions: Banks and Savings Institutions, Credit Unions, Finance Companies, and Mortgage Companies - Audit and Accounting Guide eBook Download Product #: AAGDEP17E
    AICPA Member: $69.00
    Non-Member: $89.00
  • $69.00-$89.00
    Title Depository and Lending Institutions: Banks and Savings Institutions, Credit Unions, Finance Companies, and Mortgage Companies - Audit and Accounting Guide Online Access Product #: WDL-XX
    AICPA Member: $69.00
    Non-Member: $89.00

The financial services industry is undergoing significant change, which has added challenges for institutions assessing their operations and internal controls for regulatory considerations.

The 2017 edition of this industry standard resource offers clear and practical guidance of audit and accounting issues such as transfers and servicing, troubled debt restructurings, financing receivables and the allowance for loan losses, and fair value accounting. It also provides direction for institutions assessing their operations and internal controls for regulatory considerations as well as discussions on existing regulatory reporting matters.

Key Features and Benefits

  • Coverage of regulatory updates from key industry regulators (FDIC, OCC, Federal Reserve and NCUA)
  • Illustrative auditors' reports
  • Industry hot topics covered: Transfers and servicing, troubled debt restructurings, financing receivables and the allowance for loan losses, and fair value accounting
  • Appendix highlighting FASB ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606)
  • Appendix highlighting an overview of statements on quality control
  • Appendix highlighting FASB ASU No. 2016-02, Leases.
  • An appendix highlighting FASB's project on accounting for financial instruments, including an overview of FASB ASU No. 2016-01, Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, and FASB ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments

Updates

  • SAS No. 132, The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern
  • SSAE No. 18, Attestation Standards: Clarification and Recodification

Who Will Benefit

  • Management accounting and financial professionals at depository and lending institutions of all sizes
  • CPAs at auditing firms of all sizes who perform engagements in the depository and lending industry

System Requirements

About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.

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