Audit and Accounting Guide Depository and Lending Institutions: Banks and Savings Institutions, Credit Unions, Finance Companies, and Mortgage Companies

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John Wiley & Sons, Oct 30, 2017 - Business & Economics - 864 pages
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Financial Statement Presentation and Disclosure of Loan Impairment and Allowance for Credit Losses -- Auditing -- Objectives -- Planning and Risk Assessment -- Internal Control Over Financial Reporting and Possible Tests of Controls -- Substantive Tests -- Chapter 10 Transfers and Servicing and Variable Interest Entities -- Introduction -- Asset-Backed Securitizations -- Loan Participations and Loan Syndications -- Loan Servicing -- Regulatory Matters -- Accounting and Financial Reporting -- Mortgage Loans and MBSs Held for Sale -- Transfers and Servicing of Financial Assets -- Sale of Financial Assets -- Transfers of Loans With Recourse -- Servicing Assets and Liabilities -- Secured Borrowings and Collateral -- Loans Not Previously HFS -- Financial Statement Presentation -- Financial Statement Disclosure -- VIEs -- Auditing -- Objectives -- Planning -- Internal Control Over Financial Reporting and Possible Tests of Controls -- Substantive Tests -- Chapter 11 Real Estate Investments, Real Estate Owned, and Other Foreclosed Assets -- Introduction -- Foreclosed Assets -- Real Estate Investments -- Regulatory Matters -- Accounting and Financial Reporting -- Foreclosed Assets -- Accounting and Reporting for Long-Lived Assets to Be Disposed of by Sale -- Accounting and Reporting for Long-Lived Assets to Be Held and Used -- Real Estate Investments -- Sale of Real Estate Assets -- Development Costs -- Allocation of Income and Equity Among Parties to a Joint Venture -- Auditing -- Objectives -- Planning -- Internal Control Over Financial Reporting and Possible Tests of Controls -- Substantive Tests -- Chapter 12 Other Assets, Other Liabilities, and Other Investments -- Introduction -- Premises and Equipment, Net -- FHLB or FRB Stock -- Identifiable Intangibles -- Goodwill -- Customers' Liabilities on Acceptances -- Other Miscellaneous Items
 

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Contents

Chapter Paragraph
1
Chapter Paragraph
14
Impairment and Disposal Accounting for Certain
26
Other Reporting Considerations 112
30
NCUA Regulatory Capital Matters 21 23 24 54
38
Annual Audits 55 62
46
Regulation and Oversight 12 20
53
4
55
Other Assets Other Liabilities and Other Investments 01 91
387
Cash and Cash Equivalents 01 42
388
Mortgage Servicing Advances
403
Demand Deposits
414
Accounting and Financial Reporting
422
Introduction 01 08
433
Substantive Tests 59 69
448
Income Taxes 01 36
471

Fair Value 01
68
Chapter Paragraph
69
Risk Assessment Procedures 23
73
Designing and Performing Further Audit Procedures 82 98
82
Assembly and Retention of the Final Audit File
97
Compliance With Laws and Regulations 152 162 Responsibility for Compliance With Laws
110
Responsibilities and Other Written Representations 184 186 Date of and Periods Covered by Written
128
Chapter Paragraph
169
Investments in Debt and Equity Securities 01 163 Introduction 01 65
170
Loanscontinued
182
Accounting and Financial Reporting 83 137
185
Tests of Control 144 154 Substantive Tests 155 163 8 Loans 01 230
212
Related to GAAP 243
243
Credit Losses 01 111
273
Regulatory Matters 23 37
283
Chapter Paragraph
315
Substantive Tests 75 111 10 Transfers and Servicing and Variable Interest Entities 01 123
316
Financial Statement Disclosure 82 92
333
Substantive Tests 122 123 11 Real Estate Investments Real Estate Owned and Other
363
Disposed of by Sale 23 32
371
Joint Venture 49 54
380
Substantive Tests 35 36
480
Mortgage Companies and Mortgage Banking Activities 80 84
508
Equity and Disclosures Regarding Capital Matters 01 115
517
Futures Forwards Options Swaps
519
Trust and Asset Management Activities 01 30
591
Insurance Activities 01 70
605
Reporting Considerations 01 38
625
Example Reports on the FDIC Loss Sharing Purchase
652
Chapter Paragraph
697
Information Sources
707
Overview of Statements on Quality Control Standards
715
FASB ASC 606
725
FASB ASU No 201602
741
H Schedule of Changes Made to the Text From the Previous Edition
747
Index of Pronouncements and Other Technical Guidance
753
Subject Index
783
01 32
786
17 32
795
60 66
812
Copyright

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About the author (2017)

Founded in 1887, the American Institute of Certified Public Accountants (AICPA) represents the CPA and accounting profession nationally and globally regarding rule-making and standard-setting, and serves as an advocate before legislative bodies, public interest groups and other professional organizations. The AICPA develops standards for audits of private companies and other services by CPAs; provides educational guidance materials to its members; develops and grades the Uniform CPA Examination; and monitors and enforces compliance with the accounting profession's technical and ethical standards.
The AICPA's founding established accountancy as a profession distinguished by rigorous educational requirements, high professional standards, a strict code of professional ethics, a licensing status and a commitment to serving the public interest.

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