Audit and Accounting Guide Depository and Lending Institutions: Banks and Savings Institutions, Credit Unions, Finance Companies, and Mortgage Companies 2019
- 20h 35m
- AICPA
- John Wiley & Sons (US)
- 2019
The financial services industry is undergoing significant change. This has added challenges for institutions assessing their operations and internal controls for regulatory considerations. Updated for 2019, this industry standard resource offers comprehensive, reliable accounting implementation guidance for preparers. It offers clear and practical guidance of audit and accounting issues, and in-depth coverage of audit considerations, including controls, fraud, risk assessment, and planning and execution of the audit.
Topics covered include:
- Transfers and servicing;
- Troubled debt restructurings;
- Financing receivables and the allowance for loan losses; and,
- Fair value accounting
This guide also provides direction for institutions assessing their operations and internal controls for regulatory considerations as well as discussions on existing regulatory reporting matters.
The financial services industry is undergoing significant change. This has added challenges for institutions assessing their operations and internal controls for regulatory considerations. Updated for 2019, this industry standard resource offers comprehensive, reliable accounting implementation guidance for preparers. It offers clear and practical guidance of audit and accounting issues, and in-depth coverage of audit considerations, including controls, fraud, risk assessment, and planning and execution of the audit.
Topics covered include:
- Transfers and servicing;
- Troubled debt restructurings;
- Financing receivables and the allowance for loan losses; and,
- Fair value accounting
This guide also provides direction for institutions assessing their operations and internal controls for regulatory considerations as well as discussions on existing regulatory reporting matters.
About the Author
The American Institute of CPAs (AICPA) is the world's largest member association representing the CPA profession, with more than 429,000 members in the United States and worldwide, 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 its members and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA examination, offers specialized credentials, builds the pipeline of future talent and drives professional competency development to advance the vitality, relevance and quality of the procession.
In this Book
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Industry Overview — Banks and Savings Institutions
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Industry Overview — Credit Unions
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Industry Overview—Finance Companies
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Industry Overview — Mortgage Companies
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Audit Considerations and Certain Financial Reporting Matters
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Cash and Cash Equivalents
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Investments in Debt and Equity Securities
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Loans
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Credit Losses
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Transfers and Servicing and Variable Interest Entities
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Real Estate Investments, Real Estate Owned, and other Foreclosed Assets
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Other Assets, other Liabilities, and other Investments
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Deposits
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Federal Funds and Repurchase Agreements
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Debt
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Income Taxes
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Equity and Disclosures regarding Capital Matters
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Derivative Instruments—Futures, Forwards, Options, Swaps, and other Derivative Instruments
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Business Combinations
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Fair Value
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Trust and Asset Management Activities
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Insurance Activities
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Reporting Considerations
