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Gain confidence with BerryDunn
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Annual banking event returns this October: In person
Our annual banking event is back in person this year, as we again team up with Stifel to provide you with the latest trends, banking and financial updates, and plenty of time for networking with colleagues and peers. Mark your calendar for October 21-22, in Portsmouth, NH and we hope to see you there.
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FDIC issues First Quarter Banking Summary: Key takeaways
The Federal Deposit Insurance Corporation (FDIC) recently issued its first quarter 2021 Quarterly Banking Profile. The report provides financial information based on Call Reports filed by 4,978 FDIC-insured commercial banks and savings institutions, and includes a section on community bank performance. Here are some key takeaways.
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Recently issued accounting pronouncements
As part of our continuous efforts to stay current on the latest Financial Accounting Standards Board (FASB) pronouncements, we offer this
resource to keep you up to date. We will update this regularly with pronouncements most relevant to the financial services industry. As always, contact us if you have questions or concerns.
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Podcast: FDICIA requirements for banks approaching $1 billion in assets
In our first episode of the Financial Institutions Insights podcast, members of BerryDunn’s Financial Services Practice Group, Kaylyn Landry and Ian Martell discuss ICFR standards for banks approaching $1 billion in assets, FDICIA compliance, and the COSO framework.
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Video: FDICIA requirements for banks approaching $500 million in assets
As your bank continues to grow, your reporting needs change. And what you don’t know can hurt your
bank’s ability to meet changing FDICIA regulations. Preparation is key to ensure compliance and make sure
your bank has the resources, time, and expertise to meet regulatory requirements. Watch this informative video, where we discuss what you need to do to prepare for when your bank passes the $500 million asset threshold.
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Further reading: COSO and CECL
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COSO white paper
Preparing the internal control documentation required by the COSO framework can be difficult. It is crucially important to have rigorous internal controls in place, to test those controls, and to document all controls thoroughly. Our white paper can help you prepare.
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CECL e-book, updated
For an in-depth review of CECL, including its history, various timelines, and requirements, read our newly updated CECL Playbook. It includes specific actions your company can take and provides you with a broader perspective of CECL.
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