Bonadio has a team of local industry specialists who understand how banks
work—many of our professionals have actually worked at banks themselves.
Our bank clients have come to know us as trusted advisors who provide unmatched
personal service and insightful resources uniquely designed for the business of
banking. We understand the regulations. We know the IT ramifications. And we
can help you maintain a sound organization by offering a wide variety of
bank-related auditing services.
Audits of financial statements and internal controls over financial
reporting—Our risk-based audit approach means we develop a
customized audit plan for your bank after thoroughly studying your specific
business risks. This highly interactive audit process puts our most senior
industry specialists on site, regularly and directly involved in your audit
Compliance audits (HUD mortgagees, lenders and loan
correspondents)—If your bank requires an annual compliance audit
beyond your financial statement audit to retain lending authority through FHA,
we can seamlessly incorporate it into our financial statement audit
Employee benefit plan audits—Few CPA firms truly
specialize in this complex and highly regulated area. Bonadio does. In terms of
number of benefit plans audited, we are one of the top 30 CPA Firms in the
country. Our dedicated team focuses on this highly regulated industry—and
they stay abreast of changes in the employee benefit plan arena.
IT audits—We can help your bank comply with myriad
regulations relating to information security and data protection. From
administrative to social to technical security reviews, to data and
infrastructure security assessments. And if you already have an internal audit
department but you could use added support, we'll augment your resources
with our own wealth of experience in policies, procedures, controls and
Tax services—We start by gaining a complete
understanding of your bank. From there, we'll put together a comprehensive
tax plan tailored to your specific needs. Plus, you'll hear from our team
throughout the year, not just during tax season. We believe in keeping a
continual relationship—and we'll keep you abreast of changes as they
arise. No surprises at tax time.