GAIN INSIGHT

FINANCIAL INSTITUTIONS

Do you know the latest changes in accounting for CECL? BerryDunn understands the issues and helps you take advantage of opportunities that drive value.

Rob Smalley, CPA
Financial Services Blog Posts

Get the latest on CECL:

From tax strategy to CECL implementation, our expertise helps financial institutions gain a competitive edge.


Financial Institutions face a range of challenges that are likely to be both costly and complex:

  • Greater focus on risk management to increase risk transparency and long-term profitability
  • Navigating new accounting pronouncements and complex financial reporting, such as CECL and lease accounting
  • Further growth of online banking and alternative delivery channels requiring investment in fast-changing information technology
  • Preparing for FDICIA or SOX404 internal control audits
  • Using executive compensation and benefit strategies to attract and retain the best and brightest

Updates Available for CECL and Internal Controls

Our experts outline steps and strategies to help you comply with the new CECL guidance and COSO framework.

Download our CECL Ebook

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How can you gain greater control of your operating environment?

Since 1974, BerryDunn has served the increasingly complex auditing, accounting, tax, consulting, and information technology needs of financial institutions.

You’ll gain access to expert CPAs who specialize in financial institutions — from financial statement and IT audits to a thorough understanding of specialized tax strategies.

Real guidance through real expertise

Do you know the latest changes in accounting for CECL? Or the tax consequences of operating in several different states? At BerryDunn, you’ll work directly with a seasoned team that understands these issues, takes the time to learn your goals, and leverages industry-specific knowledge to help you take advantage of opportunities that drive value.

When it’s time to gain control of your future, we can help. Services include:

  • Audit and Assurance Services
  • Internal Control Audits and Evaluations
  • Tax Planning and Compliance
  • Valuation and Forensic Services
  • SOC/SSAE 16 Examinations
  • SOX and FDICIA Preparation
  • Information Security Reviews
  • Employee Benefit Plan Audits and Consulting
  • Management and IT Consulting
  • Mergers and Acquisitions
  • SEC Reporting and Compliance
  • Risk Management Programs
  • Executive Recruiting

We are active participants in many financial and banking associations so we can stay up to date and keep our clients abreast of emerging developments in the industry.

  • Maine Bankers Association
  • Massachusetts Bankers Association
  • New Hampshire Bankers Association
  • Vermont Bankers Association
  • Financial Managers Society

We also provide implementation examples, allowing you to plan for new, complex accounting matters that may have a direct or indirect impact on you.

Our independence has never been compromised.

Our professional services have always complied with the limitations and regulations of the AICPA, Public Company Accounting Oversight Board (PCAOB), and other regulatory bodies. As a client of BerryDunn, you can expect the same dedication to quality and integrity.

Looking for more information about how we can help? Contact our financial institutions practice leader, Janice Latulippe