With regulatory agencies increasingly relying on the Call Report as an effective way to monitor and remotely supervise banks, there is greater emphasis on Call Report accuracy. In addition, regulators are more frequently including a Call Report review during on-site examinations. It is imperative that Call Report preparers, reviewers, and auditors understand regulators’ expectations regarding Call Report accuracy, as well as the bank’s procedures for preparation and review. This session will highlight key audit areas, common errors, and best practices for performing and documenting the review of quarterly Call Reports.
Why You Should Attend:
National Banks, State Member Banks, and Insured Non Member Banks are all responsible to submit audit call reports on a quarterly basis. Highly important that audit call reports are prepared accurately and consistent with other financial information reporting. This presentation is designed to be of value to audit call report preparers, contributors and reviewers as well as to senior business managers.
Areas Covered in the Session :
Call report objectives
Regulators use Call Report information
Regulators expectations for internal review processes
Key Call Reporting areas and steps for auditing/reviewing those areas
Internal controls for review and audit
Best practices for documenting Call Report preparation and review
Avoiding inaccuracies and inconsistencies
Commonly misreported items
Audit call report preparation and review responsibilities
Who Should Attend:
Call Report preparers
Call Report reviewers
CFOs
Controllers
Internal auditors
Compliance officers
Senior business managers