Banking advisory services

Understanding your issues
Does your financial institution lack internal subject matter expertise to ensure your accounting complies with the requirements of the federal financial regulatory agencies (the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, Federal Reserve and/or National Credit Union Administration), SEC, FASB and/or IASB? Do you need someone who can provide strategic technical advice for a dynamic transaction such as an acquisition, IPO or securitization? Are regulators or others asking you to improve your allowance for loan and lease losses methodology or fair value measurement process? Are you finding it difficult to focus on the day-to-day operations of your financial institution, while keeping up with how the rapidly changing regulatory and accounting environment will impact your strategic business decisions and financial reporting?
 
How we can help
Grant Thornton LLP delivers practical and seamless solutions to your financial institution through the collaboration of our dedicated financial institution Advisory Services. Our professionals leverage their current experience assisting clients and their leadership in the financial institution industry, as well as utilizing their past experiences as former FASB staff, SEC staff, bank examiners, national office professionals, bank accounting directors, bank compliance officers and bank presidents.
 
Grant Thornton provides accounting advisory services such as attestation services, staff augmentation, and project implementation management and support. We advise on a multitude of bank-specific topics including:

• allowance for loan and lease losses
• troubled-debt restructurings
• accounting for loans acquired with deteriorated credit quality (SOP 03-3)
• accounting for events and transactions, such as mergers and acquisitions, initial public offerings, and raising capital
• securitizations and loan participations
• variable interest entities
• fair value
• restatements
• responding to bank regulatory and SEC staff questions 

In addition, our experienced professionals assist in streamlining accounting policies and improving processes relating to these activities.
 
Why Grant Thornton?
Our professionals have a strong knowledge of technical accounting issues impacting financial institutions and are deeply skilled at managing changes in accounting standards across organizations. We are in tune with the developments at the federal financial regulatory agencies, SEC, FASB, and IASB, allowing us to assist you in assessing and planning for the potential effects on your business. Furthermore, we have the experience to execute sizeable engagements, having worked with both large public and private institutions. Our well-rounded perspective can assist you in adding value in a meaningful way, while supporting you through this period of significant change.