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Financial Institutions

Financial Institutions

Professional Services for Financial Institutions

Financial institutions face a myriad of challenges in today’s unpredictable economic environment, including increasing regulation, managing capital and liquidity, evolving competitive positioning, leveraging new technology, and determining how to achieve new levels of growth and sustainable profitability. They must navigate changes from the regulators, the SEC, the PCAOB, and the IRS, which are continually proposing and implementing new requirements and imposing new wrinkles on the financial reporting process.

Trusted advisors are essential to navigating and mitigating the impact of these rapid changes in regulations and requirements. Our professionals have a deep understanding of the financial institutions industry and will provide personal, partner-level service that preemptively addresses and manages the operational challenges and risks to your company.

Services for Banks & Credit Unions

As a highly-regulated and scrutinized sector, banks and credits unions are often to subject to stringent requirements that go beyond conventional reporting. We have experience in providing community, regional, and national institutions with these specialized services, including:

  • FHA-approved lenders and HUD audit requirements
  • Reporting on the effectiveness of internal controls over financial reporting (FDIC & Sarbanes-Oxley [SOX] Section 404)
  • Student loan compliance examinations
  • Uniform single attestation programs for mortgage bankers
  • Bank secrecy act (BSA) and anti-money laundering (AML) compliance
  • Branch acquisitions studies
  • Core deposit evaluations
  • Corporate risk governance
  • Electronic fund transfers
  • Gramm-Leach-Bliley Act compliance
  • Investment portfolio analysis
  • Lease/purchase evaluations
  • Loan reviews (quality and risk)
  • Stock conversions
  • USA Patriot Act
  • Member account verification
  • Trust department audits
  • Assistance with credit union service organization (CUSCO) formation and tax return preparation

Services for Investment Advisors & Broker Dealers

Investment advisors and broker dealers receive a similar level of scrutiny due to their entrenchment in the systems generating the economic landscape. Our professionals are well-versed in the unique needs of your industry compliance standards, including:

  • Agreed-upon procedures on anti-money laundering compliance
  • Agreed-upon procedures on Form SIPC-7
  • Exemption report review
  • Implementationa nd assistance for newly updated accounting standards
  • Surprise exam (ADV-E)

Where We Can Help

UHY provides a wide range of audit and assurance services, including financial audits, forensic audits, compliance audits, reviews, compilations, agreed-upon procedures, and other attestations.

As businesses and information disclosures evolve rapidly, stay ahead of industry changes with specialized professionals who have the technical skill sets and tools designed to achieve compliance.

Whether it’s business or personal, UHY empowers clients to take control of their taxes with an array of strategic tax solutions to help minimize tax liability in a complicated tax environment.

UHY provides a wide range of audit and assurance services, including financial audits, forensic audits, compliance audits, reviews, compilations, agreed-upon procedures, and other attestations.

As businesses and information disclosures evolve rapidly, stay ahead of industry changes with specialized professionals who have the technical skill sets and tools designed to achieve compliance.

Whether it’s business or personal, UHY empowers clients to take control of their taxes with an array of strategic tax solutions to help minimize tax liability in a complicated tax environment.

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