Banks

Cherry Bekaert provides banks with comprehensive accounting, audit, tax and regulatory compliance services that reduce risk and drive growth and profitability.

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Bank on Our Experience: Audit, Tax and Advisory Services To Protect Your Business and Promote Growth

Few businesses today are as heavily regulated as banks. Through our comprehensive service offerings, our Financial Institutions team can interpret accounting, tax and regulatory requirements, and provide guidance in establishing best practices that reduce risk and drive sustainable growth and profitability.

Having worked with banks for over 75 years, we are a leading provider of independent audit, tax and advisory services to banks across the United States. Our clients range in size from the newly formed De Novo Banks to those with more than $200 billion in total assets.  

Key Services Tailored to Meet Your Bank’s Needs

Internal Audit

  • Internal Audit Co-Sourcing & Outsourcing
  • SOX Control Testing
  • FDICIA Readiness & Control Testing
  • IT Audit (ITGC Testing & Advisory, IT Governance)
  • Cybersecurity Audit
  • Process Narrative & Flowchart Development
  • Quality Assurance Reviews (QARs)
  • Risk Assessments
  • SOX & FDICIA Control Testing
  • Internal Audit Staff Augmentation

Tax

  • Tax Return Compliance
    • C Corporation & S Corporation Returns
    • Quarterly Estimates
  • Tax Provision (ASC 740)
    • Outsourced Tax Provision
    • Tax Provision Review Services
    • Mergers & Acquisitions – Day One and Day Two Accounting
  • State & Local Tax
    • Income & Franchise Tax
    • Property Tax
  • Tax Planning & Consulting
  • Tax Credits & Incentives Advisory
  • Tax Controversy
    • Income, Sales & Property Tax Examination
    • Penalty Abatements
    • Protest Letters & Appeals
  • Voluntary Disclosure Agreements & Amnesty Requests

Regulatory Compliance

  • Bank Secrecy Act (BSA) & Anti-Money Laundering (AML) Compliance
  • BSA & AML Model Validation
  • Compliance Monitoring
  • Consent Order Remediation & Validation
  • Fair Lending Assessments
  • Lending, Deposit & Other Consumer Regulatory Compliance
  • Risk Assessments
  • Staff Augmentation
  • Specialty Areas
    • Community Reinvestment Act (CRA) Compliance
    • Fair Lending Compliance
    • Home Mortgage Disclosure Act (HMDA) Compliance
    • Unfair, Deceptive, or Abusive Acts & Practices (UDAAP) Compliance

Cybersecurity

  • IT & Cybersecurity Due Diligence
  • IT & Cybersecurity Governance, Strategy, Security Planning, Policies and Procedures
  • Penetration Testing (Ethical Hacking)
  • Readiness Assessments & Advisory Services
  • Risk Assessments
  • Security Awareness Training & Program Development
  • System & Organizational Controls and Attestation Services
  • Virtual Information Security Officer (VISO)
  • Vulnerability Assessments & Scanning

Accounting Advisory

Internal Audit

  • Internal Audit Co-Sourcing & Outsourcing
  • SOX Control Testing
  • FDICIA Readiness & Control Testing
  • IT Audit (ITGC Testing & Advisory, IT Governance)
  • Cybersecurity Audit
  • Process Narrative & Flowchart Development
  • Quality Assurance Reviews (QARs)
  • Risk Assessments
  • SOX & FDICIA Control Testing
  • Internal Audit Staff Augmentation

Tax

  • Tax Return Compliance
    • C Corporation & S Corporation Returns
    • Quarterly Estimates
  • Tax Provision (ASC 740)
    • Outsourced Tax Provision
    • Tax Provision Review Services
    • Mergers & Acquisitions – Day One and Day Two Accounting
  • State & Local Tax
    • Income & Franchise Tax
    • Property Tax
  • Tax Planning & Consulting
  • Tax Credits & Incentives Advisory
  • Tax Controversy
    • Income, Sales & Property Tax Examination
    • Penalty Abatements
    • Protest Letters & Appeals
  • Voluntary Disclosure Agreements & Amnesty Requests

Regulatory Compliance

  • Bank Secrecy Act (BSA) & Anti-Money Laundering (AML) Compliance
  • BSA & AML Model Validation
  • Compliance Monitoring
  • Consent Order Remediation & Validation
  • Fair Lending Assessments
  • Lending, Deposit & Other Consumer Regulatory Compliance
  • Risk Assessments
  • Staff Augmentation
  • Specialty Areas
    • Community Reinvestment Act (CRA) Compliance
    • Fair Lending Compliance
    • Home Mortgage Disclosure Act (HMDA) Compliance
    • Unfair, Deceptive, or Abusive Acts & Practices (UDAAP) Compliance

Cybersecurity

  • IT & Cybersecurity Due Diligence
  • IT & Cybersecurity Governance, Strategy, Security Planning, Policies and Procedures
  • Penetration Testing (Ethical Hacking)
  • Readiness Assessments & Advisory Services
  • Risk Assessments
  • Security Awareness Training & Program Development
  • System & Organizational Controls and Attestation Services
  • Virtual Information Security Officer (VISO)
  • Vulnerability Assessments & Scanning

Accounting Advisory

Our Professionals

Connect With Us

Chris Purvis

Financial Institutions Leader

Partner, Cherry Bekaert LLP
Partner, Cherry Bekaert Advisory LLC

Kathy Herbig

Tax Services

Partner, Cherry Bekaert Advisory LLC

Scott Peyton

Risk Advisory Leader

Partner, Cherry Bekaert Advisory LLC

Contact Our Financial Institutions Team