Baker Tilly’s financial audit engagements are led by practice leaders and team members who have tactical experience in the operational and accounting practices of banking organizations of all sizes. Our industry experience, coupled with our extensive public accounting experience, enables us to deliver consistent value throughout the engagement.
We have trained our staff to approach all engagements from a global and business-minded perspective, resulting in more effective and efficient procedures. During the internal planning stage of an engagement, we strive to discuss our plans with you and receive your input. This approach allows our staff to gain a better operational knowledge of your business, resulting in more valuable improvement opportunities. Some of the techniques we use are:
Identify key risk areas to properly concentrate efforts
Design predictive tests that define financial expectations prior to starting fieldwork
Utilize banking industry-specific knowledge to create simple, yet unique tests on operations
Utilize the same staff on an ongoing basis to maximize knowledge of your company
With our highly specialized team of banking professionals, Baker Tilly is proud to serve our clients with a multitude of audit and assurance based services, which include:
Agreed upon procedures
Analyzing individual loans, relationships, and real estate owned
Assessing credit risk
Commercial real estate risk accounting with a focus on the allowance for loan and lease losses (ALLL)
Cost-effective internal audit services
Directors’ examinations
Evaluating the effect of real estate exposure on regulatory agreements and/or examinations
Financial statement audits
Implementing processes to strengthen credit underwriting, policies, reporting, and loan loss reserve methodology and accounting
Opinion audits
Third party data center reviews
Trust examinations
Valuations
Baker Tilly partners and associates are actively involved in the AICPA, IACPA, WICPA and MNCPA where they serve on various committees and task forces within those professional organizations. Additionally, and to stay abreast of current accounting and regulatory developments within the industry, our team regularly attends training specific to financial institutions, monitors relevant industry periodicals, and maintains active memberships in industry organizations including:
Subscribe via RSS