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 3 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: 5 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 6 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 7 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 8 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… 9 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 10
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