Call Report Series: Auditing Call Reports: Compliance, Regulator Expectations & Best Practices
How is Call Report information evaluated by examiners and auditors and what are their expectations? The Call Report tells a story about the operations and complexity of the bank. There are countless disclosures that also appear in a bank’s financial statements and are validated as part of the audit process. This session will provide insights so that you are prepared for your next audit and examination.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Understand how regulators use Call Report information and their expectations for a bank’s internal review process
- Recognize the key Call Report areas that receive heightened regulatory focus and develop steps for auditing and reviewing these areas
- Establish internal controls for the Call Report audit process and best practices for documenting the bank’s preparation and review process
- Avoid common mistakes in the reporting of key Call Report items
- Evaluate the latest changes to the Call Report schedules and instructions
WEBINAR DETAILS
With heightened examiner focus on call reporting and with bank resources strained to the limit, this session will help Call Report preparers and reviewers focus on efficiency, accuracy, and proper documentation when auditing their quarterly Call Reports. Best practices for the audit and review process will be discussed, along with regulatory expectations for the call reporting process. Session highlights will include ideas for finding common errors, ensuring consistency between Call Report schedules, properly documenting the preparation and review function, and utilizing the internal audit function to verify Call Report accuracy. Additionally, this session will cover the latest changes to the Call Report schedules and instructions.
WHO SHOULD ATTEND?
This informative session is designed for new and experienced call report preparers, including CFOs, controllers, accounting personnel, and others responsible for ensuring the accuracy of quarterly Call Report submissions.
