Community Banking
To serve you appropriately, we keep abreast of such industry trends as the growing importance of commercial real estate concentrations, the security risks involved with increased technology use and other risk management techniques. We have developed a unique approach to performing internal audits for community banks. We call our approach Internal Audit A la Carte.
Audits
Tax
We identify possible tax savings for your institution and effectively communicate these and planning strategies to you. The Whitlock Company’s qualified CPAs will prepare your bank’s tax return with the intricacies of your industry in mind.
Cost Segregation Studies
Loan Review
The Whitlock Company will scrutinize your institution’s loan portfolio; assess its overall health and balance, and offer suggestions for improvement.
ALLL Methodology Review
The Whitlock Company will review your institution’s calculation of the Allowance for Loan and Lease Losses for compliance with FAS 5 and FAS 114 and regulatory policies. The review also includes the specific review of impaired loans, collateral values and calculation of historical loan loss ratios.
IT Examinations
As technology’s role in commerce continues to expand, ensuring that your networks are secure grows more important. The Whitlock Company offers comprehensive IT examinations designed to exceed industry standards and allow your institution to serve customers confidently.
We examine all aspects of your network from individual workstations to firewalls and report security risks and previous breaches. We perform penetration testing to determine where your network is vulnerable using techniques that do not disrupt your business. Our IT examinations will help you safeguard and strengthen your network.
Internal Audit A La Carte
We created our Internal Audit A La Carte product to allow our clients to tailor the internal audit process to their specific needs, creating a more efficient and affordable audit. Some of the services we offer through our Internal Audit A La Carte product include:
- An independent review of bank activities, internal controls and management information systems.
- Reasonable assurance of the accuracy and timeliness with which transactions are recorded and regarding the fitness of financial and regulatory reports.
- Ongoing communication with bank management
- Preparation of timely reports to the audit committee
- Ongoing consultation and training for members of the audit committee
ESOP Formations and Consulting
Strategic Business Planning
Succession Planning
Litigation, Forensic Accounting and Investigative Services
Valuation Services
Employee Benefit Plan Administration and Consulting
Employee Benefit Plan Audits
