Financial Institutions

S.R. Snodgrass specializes in serving the financial industry through our Financial Institutions Services Group (Financial Group). Over 175 financial institution clients benefit from the financial industry knowledge of our 120+ dedicated professionals. And it’s not only our clients who are impressed with our skills and work ethics… Our inspection by the Public Company Accounting Oversight Board (PCAOB) found that S.R. Snodgrass had “no weaknesses or deficiencies” in audit performance issues or quality control–the accounting equivalent of a gold star.

Financial clients include banks, credit unions, mutual thrifts, and trust companies and range in asset size from under de novo to multibillion dollars. We have become so central to our financial clients’ business success that many have worked with us for over 30 years.

Among the services we provide our financial clients:

• Auditing and Assurance
• Consulting, including Strategic Planning and Enterprise Risk Management
• Outsourcing/Internal Audit and Regulatory Compliance
• Tax Preparation and Planning
• Technology Services, including Network Attack and Penetration, and Business Continuity/Resumption Planning

In addition, we offer numerous specialized practice areas unique to the financial industry. These include:

• SEC Registrations and Reporting
• SOX Section 404, including assistance in design, implementation, and reporting
• Trust Company Audit
• Trust Department Audit
• Regulatory Compliance Training
• Fiduciary Audit
• Gramm-Leach-Bliley Act Assistance
• Profitability Improvement

Our knowledge of best practices and challenges facing the financial services industry mean the ability to “hit the ground running” when we undertake your engagement. We can help you identify and manage risks and opportunities as well as provide valuable insights that will make a significant difference as you plan for the future.

Go to The Knowledge Bank for discussions of:

• Product Design for Profitability (video)
• Improving Director Effectiveness (video)
• New Dimensions in Outsourcing (article)
• Is a Merger or Acquisition in Your Furture? FAS141R (article)
• Potential New State Tax Liabilities for Financial Institutions (article)
• Newsletters from our Outsourcing and Tax Group