Financial Services

Reznick Group understands the complex issues related to the highly regulated financial services industry. We provide our clients with accounting, tax and business advisory services to help them implement the appropriate controls to address regulatory risks. We also help them identify opportunities to boost the bottom line.

Our broad range of services is tailored to the unique needs of each financial institution. We are a trusted resource for audit, internal audit, tax advisory and a range of special projects. We also provide value-added services—such as cost segregation studies—that help banks and other institutions maximize the financial benefits tied to their branch and office facilities.

Reznick Group also works with private equity funds, providing sponsors with industry insights and advice on taxation strategies and the impact financial accounting standards have on the fund and the fund’s portfolio companies. In addition to providing comprehensive audit services, we can deliver added value when retained to provide additional services in areas such as internal control structure, back office operations and optimizing value from an acquisition.

Services


Accounting and Tax

  • Audit services
  • Tax return preparation
  • Merger and acquisition tax consulting

Internal Audit

  • Wire transfer policy & procedure review
  • ATM settlement policy review
  • Segregation of duties surrounding proof & transit
  • Regulatory reporting
  • Investment policy compliance review
  • Review of internal loan policy
  • Allowance for Loan Loss Liability (ALLL)
  • Testing of loan charge-offs and recoveries
  • Cash collections and clearing accounts
  • Due to/from correspondent accounts
  • Asset Liability Management (ALM)
  • Escheatment items
  • Official checks
  • Suspect kiting report
  • Physical bank security
  • Bank Secrecy Act (BSA)
  • Deposit operations
  • Loan administration and servicing
  • OFAC
  • GLBA privacy
  • IT Risks and Controls
  • Information security and assessments

Specialized Services

  • Cost segregation studies of bank facilities/branches
  • Income tax preparation and review
  • ASC 740-10-65-1 (FIN48) analysis, preparation and review

 Private Equity Funds

  • Capital raising
  • Investment underwriting
  • Value creation
  • Monetization and exit strategies