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Lisa M. Openshaw

Principal | CPA

lopenshaw@berrydunn.com

A Principal, Lisa is a member of BerryDunn's Financial Services Group. Within the financial institution and employee benefit plan audit and consulting services spectrum, she provides clients in Maine and New Hampshire with internal audit, SOX 404, and compliance assistance. She has helped guide her clients through the COVID-19 outbreak with insight on various CARES Act provisions and the impacts on both her clients and their clients.

While Lisa's primary service focus is with financial institutions and employee benefit plans, she also works with insurance agencies, broker-dealers, and wholesale and retail distribution clients.

D 207.991.5189

A Principal, Lisa is a member of BerryDunn's Financial Services Group. Within the financial institution and employee benefit plan audit and consulting services spectrum, she provides clients in Maine and New Hampshire with internal audit, SOX 404, and compliance assistance. She has helped guide her clients through the COVID-19 outbreak with insight on various CARES Act provisions and the impacts on both her clients and their clients.

While Lisa's primary service focus is with financial institutions and employee benefit plans, she also works with insurance agencies, broker-dealers, and wholesale and retail distribution clients.

experience education & certifications industries services presentations & publications memberships community service events insights

Experience highlights

Lisa helps clients with a variety of issues including:

  • Financial institution and employee benefit plan audit and consulting
  • Commercial sector audit and consulting services
  • Compliance

Publications and presentations

  • Private vs. Public Company GAAP Debate – Will It Ever End?
  • Loan Loss Reserves: A Financial Institution's Perspective, Lorman Webinar
  • FASB Issues on the Horizon and Financial Statement Fraud Risk Assessment, presented at Maine Bankers Association Financial Management Committee Meeting
  • Troubled Debt Restructurings
  • Preparing Effective and Efficient System Documentation and Developing Participant Data Testing
  • AICPA National Conference on Current SEC and PCAOB Developments Update
  • PCAOB Broker-Dealers Forum Update
  • SOX 404 – Internal Controls Over Financial Reporting

Articles

Defined contribution plan distributions: Considerations and recommendations
Prohibited transactions: Rules of the road for benefit plan fiduciaries
Auditing standards board approves new employee benefit plan auditing standard: What you need to know

Related Services

Accounting and Assurance

Agreed-Upon Procedures Overview Employee Benefit Audits Overview FDICIA and SOX 404 Compliance Financial Statement Audits
Internal Controls Review Reviews and Compilations Overview SEC Audits, Reports and Filings Overview

Consulting

Business Advisory

Retirement Plan Advisory

Related Industries

Podcasts

Crossing the CECL Finish Line: What Comes Next?
September 9, 2022

Seminars and events

Annual Not-for-Profit Education Session
May 18, 2020
Online

Speaking engagements

2022 Boston Healthcare and Retirement Plan Summit
November 3, 2022
Waltham, MA

Videos

FDICIA: Preparing for $500 million in assets
August 4, 2021

Webinars

ACA Employer Update: A BerryDunn Webinar
January 17, 2018

Insights

Articles

Digital assets: Potential benefits and risks for employee benefit plans
DOL proposes changes to ESG investing and shareholder rights: What plan sponsors need to know
Plan sponsor alert: Roth 401(k) remains underutilized despite potential benefits
FASB proposes changes to accounting for income tax credits
FDIC Issues its Second Quarter 2022 Quarterly Banking Profile
Student loans: Forgiveness, the end of forbearance, and where financial institutions fit into all of this
Employee benefit plan updates: The Employee Retention Credit and student loan repayment programs
Unfunded commitments and CECL: You may be in for a big surprise
Digital signatures: FINRA sends reminder on supervision obligations
Reasonable and supportable forecasts, oh my! 
Implementing Q factors under CECL: Why your segmentation and other modeling choices matter
State tax issues impacting your financial institution part one: Remote employees
Propelling along the ESG spectrum: Four considerations for your financial institution
CARES Act expansion of IRC Section 127: Tax savings on student loan repayment assistance
FDIC issues its First Quarter 2022 Quarterly Banking Profile
Questions to ask when deciding your CECL Method
Don't forget about me! Changes in debt security accounting resulting from CECL 
CECL documentation: Your methodology blueprint
CECL implementation: Segmentation ABCD's
FDIC Issues its Fourth Quarter 2021 Quarterly Banking Profile
CECL adoption: The five W's of data
Easing the potential burden of abandoned 401(k) accounts 
CECL readiness: Vendor or no vendor? 
CECL implementation: Three steps for a medal-winning adoption 
FDIC issues its Third Quarter 2021 Quarterly Banking Profile
Fiduciary risk: Five ways to control and reduce it
2020 Annual Report on the Interim Inspection Program Related to Audits of Brokers and Dealers
Service organizations and review of SOC 1 reports: Considerations and recommendations
CARES Act: Eligibility for employee retention credits
Other ERISA compliance matters: ERISA bonding requirements and compliance testing
IRS guidance to employers: Year-end reporting requirements for qualified sick and family leave wages
FDIC issues its Second Quarter 2021 Quarterly Banking Profile
Eligible broker-dealers: Take advantage of SEC's 30-day filing extension
The Federal Reserve's FedLine® Solutions Security and Resiliency Assurance Program
Service provider fee disclosures: Understanding the process
Updated guidance on the Employee Retention Credit (ERC): Important considerations for employers
Defined contribution plan distributions: Considerations and recommendations
Employee Retention Credit: Additional guidance for employers claiming it under the CARES Act
Plan documentation: Another key to successful oversight
FDIC issues its First Quarter 2021 Quarterly Banking Profile
Massachusetts emergency paid sick leave (MA EPSL)
In 2021, an anti-fraud plan is the best investment your financial institution can make
Timeliness is next to godliness: Depositing participant elective deferrals
Plan compensation and contributions: Common errors and solutions to fix them
"Free" COBRA for some employees: Employers may benefit, too
Form 5500: An overview
IRS guidance: Retroactively claiming the 2020 ERC
FDIC issues its Fourth Quarter 2020 Quarterly Banking Profile
Prohibited transactions: Rules of the road for benefit plan fiduciaries
Resources for financial institutions affected by COVID-19
Stimulus bill extends and expands the Employee Retention Credit
TDR and CECL relief is extended for financial institutions
FDIC issues its Third Quarter 2020 Banking Profile
Impacts of the CARES Act on employee benefit plan distributions
Maine's new earned paid leave law―What employers need to know
COVID-19 and Section 139: Tax-free payments or reimbursements to employees
FDIC grants some banks temporary regulatory relief of Part 363 Audit and Reporting requirements
New permissible minimum service requirements for 401(k) plans
Do your FDICIA controls "CARES" about the Paycheck Protection Program?
Payroll tax deferral update
To withhold or not to withhold payroll taxes―The dilemma facing employers
May 2020 accounting standard delay status: GASB and FASB
Employee Retention Credit―Updated IRS FAQs provide clarification
CECL: Understand the audit requirements and prepare for what's to come
FASB and GASB news: Postponement of the lease accounting standards
Paycheck Protection Program (PPP): Resource for lenders
"Health care providers" and Department of Labor regulations under COVID-19
IRS releases Form 7200: Advance payment of employer credits due to COVID-19
CARES Act―Employee retention credits for employers subject to closure due to COVID-19
Families First Coronavirus Response Act (FFCRA): FAQs for businesses
Highlights of the recently passed paid sick and family leave act: What you need to know
Banking and finance: 2020 challenges and what to do to overcome them
FASB delays credit loss rules
When one loan rate closes, another opens
Auditing standards board approves new employee benefit plan auditing standard: What you need to know
CECL implementation: So, you've developed reasonable and supportable forecasts — now what?
CECL: Reasonable and supportable? Be ready to be ALLL in
How our new friend CECL affects bank and branch acquisitions
Preventing fraud at financial institutions: An anti-fraud plan is the best investment you can make

Podcasts

Crossing the CECL Finish Line: What Comes Next?
September 9, 2022

Press Releases

BerryDunn Recognized as Top 100 Accounting Firm by Inside Public Accounting
August 12, 2022
BerryDunn Awarded "Best Workplace Culture" by BDO Alliance
May 13, 2022
BerryDunn Ranked #1 CPA Firm in New England by AccountingTODAY
March 11, 2022
BerryDunn Creates New C-Suite Position, Hires Chief Culture and Engagement Officer
December 2, 2021
Forbes calls out BerryDunn as one of America's Best Tax and Accounting Firms
December 2, 2021
BerryDunn named a top firm for equity leadership by the MOVE Project
October 20, 2021
11 Years and Running―BerryDunn Once Again a Top 100 Firm
August 5, 2021
BerryDunn Ranked #1 CPA Firm Headquartered in New England by Accounting Today
March 10, 2021
BerryDunn Unveils New Logo, Refreshed Brand
December 3, 2020
10 Years and Running―BerryDunn Once Again a Top 100 Firm
August 18, 2020
United Way of Greater Portland Announced Racial Equity Fund
August 3, 2020
BerryDunn Announces Location of New National Headquarters
July 27, 2020

Resources

New England Banking Event with Stifel and BerryDunn - 2022
October 14, 2022
SAS 136: Employee benefit plan audit changes and new management responsibilities
July 12, 2022
Surprise examinations: Valuable services for investment advisers
April 16, 2021
Internal control over financial reporting: COSO best practices
March 15, 2021
FDICIA compliance: Preparing for $500 million in assets
February 15, 2021
2018 What's new in New England banking?
October 12, 2018
Growth brings changes to internal control and audit requirements: Complying with FDICIA
April 18, 2018
When should your bank send a 1099-A or 1099-C?
January 20, 2017
FDICIA requirements for banks with total assets* of $500 million to $1 billion
FDICIA reporting requirements for banks with total assets of $1 billion or more

Success Stories

Financial institutions gain control of accounting for troubled loans

Education

BS, Accounting, valedictorian, Husson University, 1994

Certifications

  • CPA
Podcast
Crossing the CECL Finish Line: What Comes Next?
Video
FDICIA: Preparing for $500 million in assets
Resource
FDICIA compliance: Preparing for $500 million in assets
Newsletter
Financial Institution Insights September 2022