Commercial Banking

The Detroit District provides resources to attend ISP meetings and out-service seminars. They have also funded subscriptions to bank tax research services and several banking trade publications. Our Financial Group audits banks, savings and loans, and mortgage companies of all sizes, including several which are included in the Coordinated Examination Program (CEP). Industry issues and substantial "general" issues can be found in returns of any size but are more prominent in cases where assets exceed one billion dollars. Through specialization, the group significantly improved the quality of bank examinations because of: 1. Improved communication 2. Consistency in issue development 3. More efficient use of audit time. This audit specialization guide was developed from information available in the financial group, from the Banking Industry Specialist, and from Internal Revenue Agents from around the country. Even though commercial banking is specifically addressed in this guide, many of the issues and...