Audits of Banks, Savings Institutions, Credit Unions and Other Financial Institutions

This course features practical worksheets and insights such as the applicable metrics that create value for financial institutions.

Objectives:

• Understand the current metrics that create value for financial institutions
• Understand the significant regulatory structure and laws for the financial institution industry
• Apply efficient audit procedures for specific balance sheet, income statement and cash flow statement accounts
• Assess the effects of the most important accounting pronouncements on the financial institution industry
• Apply auditing literature such as appropriate sampling and confirmation considerations for the critical loans receivable and deposit accounts
• Understand additional audit procedures necessary when material investments are held by brokers or other third parties

Prerequisite: Basic general audit knowledge and/or experience

Advanced Preparation:  None