Audit and Accounting 
Put your audit in the hands of financial institution professionals and come out with clear recommendations for improving your business. We will assess your risk, offer thoughtful recommendations for improvement, and provide insights far beyond numbers and reports.
What's on your mind?
- Finding a fully engaged accounting firm that understands audit and accounting as it specifically applies to banks and savings institutions
- Keeping up with changing accounting standards and industry trends
- Receiving timely, insightful reports in a meaningful format
- Avoiding continual turnover in an engagement team
Bank audit and accounting services to get you started
The objective of a financial statement audit is to express an opinion on the fairness with which you present, in all material respects, the financial position, results of operations, and changes in equity and cash flows in conformity with generally accepted accounting principles (GAAP).
While performing your financial statement audit, we do the following:
- Gain an understanding of your organization and its environment, including internal control.
- Assess the risk of material misstatement of your financial statements whether due to error or fraud.
- Design the nature, timing, and extent of further audit procedures that respond to the assessed risks.
- Test your responses to our inquiries by obtaining corroborating evidence through inspection, observation, confirmation, and analytical procedures.
- Provide a written report expressing our opinion on your financial statements.
- Provide written and verbal recommendations for improvement.
Typically, banks that are not required to have a financial statement audit instead request a different assurance service (commonly called a directors’ examination) that can be performed by an independent accounting firm.
A noticeably different experience
Although audit services are generally provided to meet a third-party requirement, you’ll get a noticeably different experience from LarsonAllen, including:
- An audit team that is immersed in the banking industry
- Principals and mangers who are actively involved in your audit engagement
- Auditors who understand internal control and regulatory compliance
- Use of paperless audit technology to quickly resolve issues via remote access
- Low turnover for a consistent, high level of service year after year
- Proactive communication to resolve complex issues and minimize year-end audit surprises
- A timetable that allows us to develop relationships with your team
Contact us for more information.