Product Image

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

Publisher: AICPA
Availability: Varies by Format (See Below)
See Below To Add To Cart
View Online Catalog
Print This Page
Available Formats:  Online Subscription | Paperback | eBook | See All

The financial services industry is undergoing significant change, which has added challenges for institutions assessing their operations and internal controls for regulatory considerations. This 2014 edition offers clear and practical guidance of industry-specific issues such as transfers and servicing, troubled debt restructurings, financing receivables and the allowance for loan losses, and fair value accounting.

In addition, the guide provides guidance related to new and existing regulatory reporting matters, including updates resulting from the Dodd-Frank Wall Street Reform and Consumer Protection Act and BASEL III implementation.

Key Benefits Include:

  • Coverage of regulatory updates from key industry regulators (FDIC, OCC and NCUA).
  • Coverage of Basel III capital rulings that overhaul existing capital adequacy rules and implement both the Basell III capital framework issued by the Basel Committee on Banking Supervision and certain requirements imposed by the Dodd-Frank Act. The new rules will completely replace the OCC, the Federal Reserve, and the FDIC’s existing Basel I-based capital requirements.
  • Illustrative auditors reports.
  • Discussion and interpretive guidance associated with FASB ASU 2013-01, ASU 2014-04, and ASU 2014-11.
  • Coverage of offsetting of derivatives and repurchase agreements.
  • A new appendix which highlights FASB ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606).

Accounting Updates

  • FASB ASU No. 2014-11, Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transaction, Repurchase Financings, and Disclosures
  • FASB ASU No. 2014-04, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force)
  • FASB ASU No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income
  • FASB ASU No. 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities
  • FASB ASU No. 2012-06, Business Combinations (Topic 805): Subsequent Accounting for an Indemnification Asset Recognized at the Acquisition Date as a Result of a Government-Assisted Acquisition of a Financial Institution
  • FASB ASU No. 2012-02, Intangibles – Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment
  • FASB ASU No. 2011-11, Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities

Regulatory Updates

  • Basel III final rulings
  • Volcker Rule
  • Lending Limits

Who Will Benefit:

This guide is applicable for management accounting and financial professionals at depository and lending institutions of all sizes, as well as CPAs at auditing firms of all sizes who perform engagements in the depository and lending industry.

Paperback , 2014
Product# AAGDEP14P
Availability: In Stock
AICPA Member:$79.00
Your Price:$99.00
Standing Order icon
Standing Order icon

Standing Order Option: Save 10% on Publications

Check the Standing Order Option box to save 10% on this publication. (The discounted price will appear in the Shopping Cart.) Each future new edition will be automatically shipped to you at a 10% discount.

If you wish to be removed from the Standing Order list in the future, simply contact the AICPA Service Center at 888.777.7077 or

Save on current and future editions.
To receive your AICPA member discount, Sign In now, or Register using your AICPA membership number.