Bank Accounting | Tax Planning

Subject matter expertise to enhance your operations

Our dedicated audit, tax, and consulting professionals understand the financial services industry and its challenges, and are committed to helping you meet and exceed regulatory requirements. We partner with you to bring tailored approaches to fit your needs and operations and provide guidance on best practices and recommendations that make sense for you.

As a full-service team, we are dedicated to the success of our financial institution clients. In addition to the services listed here, we are happy to discuss any further services to help you meet your operational and finance challenges.

Areas of expertise

From industry-specific assurance services to specialized tax strategies, we put our know-how to work in ways that fit your individual operational styles and needs.

Accounting and assurance

Tailored solutions to protect your institution from risk.

Tax

A customized approach to tax planning, consulting and compliance.

Consulting

Insightful consulting to optimize strategy and performance.

Advisory

Subject matter expertise to support your leadership, performance, and growth goals.

Accounting and assurance

Working collaboratively with key client stakeholders, we tailor our service approach to suit the specifics of each client’s business. Our experienced accounting and assurance team develops meaningful insights that help you clarify business results, enhance communications with those charged with governance, and enable management to make better-informed decisions.

Agreed-upon procedures

We work with you to establish the testing procedures you need to satisfy your board of directors, regulatory body, or other third party’s expectations.

Employee benefit audits

We use an audit service approach tailored to each client’s needs, designing solutions that meet both business needs and regulatory requirements.

Financial statement audits

We embrace opportunities to add value to our client’s operations, developing meaningful insights that enable management to make better-informed decisions.

Forensic accounting, fraud investigation, and risk assessments

Our experts help you detect and quantify past fraud damages, assess current fraud risks, and mitigate future potential for fraud, waste, and abuse.

SEC audits, reports, and filings

Our team is well qualified to address the full spectrum of public company accounting and regulatory reporting requirements necessary to ensure compliance and confidence.

HUD compliance

Our team of experts understand the complexities of HUD compliance and can help you meet reporting requirements on time and with confidence.

SOC audits

Through our dedicated SOC audit team, we help you meet customer and regulatory obligations with SOC 1 and 2 readiness assessments and audits or key insights based on your vendors’ SOC reports.

Tax advisory

Our industry specialized tax team provides valuable expertise and resources to organizations offering comprehensive tax services beyond tax return preparation. Our tax professionals serve our assurance clients as well as other businesses who seek an independent specialist to function as an extension of the finance team. We provide tailored solutions and meaningful insights for driving long-term success.

Tax planning and compliance

With a deep understanding of federal and multi-state tax law, we provide insight on tax law changes for informed decision-making.

Accounting for income taxes
(ASC 740)

We provide income tax provision preparation and review, deferred tax validation, review of internal controls, or tax provision template improvement and training.

Transaction consulting

We offer tax transaction consulting to guide you through every stage of complex financial transactions, such as mergers, acquisitions, restructuring or other significant financial events.

State and local tax consulting

Our team of SALT advisors can help you navigate the complexities of state and local tax regulations involved in operating across multiple jurisdictions.

Tax credits and incentives

Our team works with management to identify and analyze tax credit opportunities to fit each organization’s specific needs.

Nonprofit tax services for private foundations

We are dedicated to helping your foundation maintain compliance, optimize tax strategies and fulfill its philanthropic mission effectively.

Consulting

Strengthen key performance areas and minimize risk to support service and growth. Whether you need help with accounting, compliance, risk, or technology, our financial institution consulting team can provide training, assessments, policy and control recommendations, and on-going guidance to help you thrive.

CECL model validation

Our team delivers deep industry knowledge, expertise, and a tailored approach to guide you through CECL model validation and risk management.

Post-adoption CECL consulting

Our CECL experts can help you with a wide range of services, from model validation and testing to monitoring performance, enhancing methodology, and selecting vendors.

FDICIA and SOX readiness

Our team evaluates your internal controls over financial reporting (ICFR) and provides recommendations to help ensure regulatory compliance.

IT controls review

Our team will conduct a comprehensive review and assessment of your IT controls and provide you with recommendations informed by best practices.

Internal controls review

We help you navigate the complexities and challenges of a constantly changing internal control environment by identifying your strengths and vulnerabilities.

Retirement plan evaluation and vendor due diligence

We’ll help you develop and maintain a plan that provides true value to your organization.

Internal audit

Our experienced team brings decades of audit experience and works with you to provide timely, accurate, and meaningful internal audit services.

Information security audit

We work with you to identify gaps in security controls and recommend opportunities to enhance your environment.

Advisory services

As a top 50 US firm with professionals across the country, our team is able to leverage subject matter expertise in a number of key fields to support your leadership, performance, and growth goals.

Executive compensation, recruiting, and succession planning consulting

Our executive compensation and recruiting consultants can help you attract and retain top talent in today’s tight labor market.

Merger and acquisition consulting and accounting

Our experienced transaction advisory team provides deep financial expertise and analytical rigor, along with personal attention and dedication to your goals.

Initial and secondary stock offerings

The IPO readiness consultants at BerryDunn combine deep expertise across multiple industries and business functions with a responsive and collaborative approach.

Loan modification and workout consulting

We can help you strengthen your loan modification, workout, and OREO processes to strengthen processes, policy, accounting, and reporting to protect your organization from risk.

Specialized services for banks and credit unions

Regulatory compliance

We help you navigate the ever-changing regulatory landscape, helping ensure you have the tools and resources needed to assess gaps, understand best practices, and evolve compliance.

Risk management

Our risk management team helps clients develop and implement effective risk management programs tailored to each organization’s size, risk level, and resources.

Benchmarking and analytics

We provide benchmarking insights and analytics pertinent to your institution, allowing you to make better-informed decisions.

Policy consulting

We help you develop and enhance your loan, risk, and accounting policies and procedures to align with your risk appetite and meet regulatory expectations.

Technology consulting

We provide recommendations to help strengthen your technology controls based on applicable regulations and guidance (e.g., SOX, FDICIA, FFIEC, GLBA, PCI).

What to expect from BerryDunn

BerryDunn’s Financial Services Practice Group serves the complex auditing, accounting, tax, consulting, and information technology needs of financial institutions, broker-dealers, and other financial service providers. With our dedication to knowledge sharing, we offer our clients best practices based on the depth and breadth of our industry knowledge.

Focused on providing industry expertise and advisory relationships that extend past audit and tax seasons, our Financial Services team can help you enhance, grow, and adapt your operations to surpass your future goals.

About us

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Resource

Recently issued accounting pronouncements: Financial services

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Submit a question to our Financial Services Practice Group

Video

Tackle CECL financial statement disclosures with confidence

Resource

Benchmark your insitution's performance: CECL allowance analysis

Podcast

In the Know: How Natural Disasters Impact CECL Calculations, Portfolio Loss Expectations, and Planning

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Testimonials

"BerryDunn has been a great and consistent resource in helping my organization meet annual regulatory requirements. Their employees are knowledgeable and proactive, and their work product is concise and dependable. I am pleased to have them as a partner supporting my department's audit initiatives. I work for a community bank and BerryDunn assists in the areas of design, testing, interpretation, project management, and professional guidance."

Don Kerivan MBA, CIA

VP Internal Audit

Bath Savings Institution

"Our work with BerryDunn tangibly increased our comfort and confidence in our CECL model and put our team in a better position to manage our model moving forward. There are times when we need to rely on competent outside professionals to provide subject matter expertise, and a wider perspective. That is what we needed with our CECL project and that is exactly what we received. I would not hesitate to reach out to Susan and BerryDunn the next time we find ourselves in need of subject matter expertise."

Dan Stannard

Executive Vice President and Senior Lending Officer

Woodsville Guaranty Savings Bank

"I am extremely pleased that BerryDunn was recommended to us for our CECL model validation. Engaging BerryDunn was one of the best decisions we made. The value we received extended well beyond the validation work itself; their insightful discussions and consultations have left us feeling exceptionally well-positioned. I would enthusiastically engage BerryDunn again and wholeheartedly recommend them to others. I have praised their exemplary performance to our CEO and am deeply grateful for their exceptional service."

Stefan Chkautovich

Executive Vice President and Chief Financial Officer

Southern Bank

Financial institutions

Assurance and consulting to move your organization forward

Subject matter expertise to enhance your operations

Areas of expertise

Accounting and assurance

Tax advisory

Consulting

Advisory services

Specialized services for banks and credit unions

What to expect from BerryDunn

Meet our professionals

Featured content

Articles

Podcasts

Press Releases

Resources

Conferences and tradeshows

Podcasts

Seminars and events

Speaking engagements

Videos

Webinars

Success Stories

Testimonials

Contact us