Committees : Audit
David Ruffin and Randal Rabe describe how to assess a qualitative and environmental adjustment for ALLL.
FASB has announced changes to U.S. generally accepted accounting principles that will apply across the board.
A CPA and chairman of the audit committee of First Virginia Community Bank in Fairfax explains what audit committees need to know about communications with external auditors.
In this article, Moss Adams partners John Donohue and Denese Cahill review what’s changed and steps banks will need to take to update their internal controls and associated documentation.
Brian McCormally of the law firm Arnold & Porter LLP describes the steps that boards need to take when investigating internal fraud.
The former president and CEO of the Association of Certified Fraud Examiners looks at widespread weaknesses in internal controls that may impact your bank.
Sydney Garmong of Crowe Howarth LLP writes about an important new accounting rule.
It can get confusing as to what entity, the holding company or the bank, owes a tax refund to the other entity. Here is some advice on settling cash taxes.
How do you know if your bank is handling tax accounting correctly? Sheryl Vander Baan of Crowe Horwath LLP helps boards handle oversight of this critical issue.
Crowe Horwath LLP describes the latest proposal from the Financial Accounting Standards Board.