International ACH Transaction (IAT) Exception Handling 2017 Call Reporting Bootcamp

32 Pages·2017·2.47 MB·English

2017 Call Reporting Bootcamp
International ACH Transaction
Session I: Call Reporting Basics
(IAT) Exception Handling

Presented by Mich
ael Gordon, CPA,
Kris Trainor, CPA, CFE and Alison Wester, CPA
Mauldin & Jenkins, LLC

Presented by Michele Barlow, AAP, NCP

Fall 2017
Audio
Handouts
Questions
Michael Gordon,
CPA
§  Director, Mauldin & Jenkins, LLC
§  Joined in 2005 with focus on audits for Financia l
Institutions
§  Internal and external audits for both public and
private companies, mortgage companies and credit
unions
§  Experience includes assisting clients with FDICIA and
SOX 404 testing, HUD compliance, loss-share
accounting and compliance, and regulatory
reporting
§  Member of the American Institute of Certified Public
Accountants and the Georgia Society of Certified
Public Accountants

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Kris Trainor,
CPA, CFE
§  Partner, Mauldin & Jenkins, LLC
§  Joined in 1995 with focus on audits and consulting
with Financial Institutions
§  Experience includes financial statement audits ,
internal audits, FHA/VA/GNMA approved lender
compliance, mortgage company audits, and loan
servicing compliance audits.
§  Member of the American Institute of Certified Public
Accountants and the Georgia Society of Certified
Public Accountants, and the Association of Certified
Fraud Examiners
Presented by:
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Call Report Bootcamp Schedule
•  October 15, 2017
•  Introduction to Call Report
•  Schedules RC and RI
•  Supporting schedules RI-A, RC-A, B, D, E, F, G, K
•  October 24, 2017
•  Schedule RC-C and other loan-related schedules
including RC-L, RC-N, RI-B, RI-C
•  November 1, 2017
•  Regulatory capital Schedule RC-R
•  Remaining schedules including RC-M and RC-O
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Agenda – October 15, 2017
•  Why is Call Report Required
•  Basic Steps to Effective Call Reporting
•  Form 031 vs. Form 041 vs. Form 051
•  Final Changes for March 2018
•  Review of Schedules
•  Schedules RC and RI
•  Supporting Schedules RI-A, RC-A, RC-B, RC-D, RC-E,
RC-F, RC-G, RC-K
•  Questions
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Why is the Call Report required?
•  Standardized format for providing detailed
financial and nonfinancial information
•  Used by banks, regulators, auditors, researchers,
and the public
•  Off-site monitoring
•  Uniform Bank Performance Report (UBPR)
•  Standard form for peer analysis
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Call Report has come a long way…
•  Born in 1833 with the federal collection of statistics
•  Early call reports published in the local newspapers
•  Eventually became four reports per year; however, for
many years Banks were asked to file two of the four
reports on surprise dates, or ‘on call’. Thus the term
Call Report was born…
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Basic Steps to EffecHve Call ReporHng
—  Prepare an inventory of
what you need
—  Identify and assign
responsible people
—  Establish a due date
—  Implement a review
process
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