Financial Services

Resources to assist financial institutions as they work to mitigate risk, avoid regulatory pitfalls, and grow with confidence.

In the heavily regulated banking industry, leaders face more challenges than ever, including managing shareholder and regulator expectations, protecting against cyberattacks, pursuing digital innovation, and staying competitive. That's why financial institutions across the country are turning to FORVIS for in-depth knowledge on the latest trends, concerns, and opportunities.

Offering an array of services—including audit and tax, internal audit, regulatory compliance, loan review, CECL consulting, cybersecurity, M&A consulting, FDICIA consulting, and strategic planning—FORVIS assists institutions like yours as they work to mitigate risk, keep compliant, and reach shareholder goals.

Our professionals serve as exhibitors, sponsors, and speakers in the industry's largest associations, such as the American Bankers Association (ABA), Independent Community Bankers of America (ICBA), Bank Director, and Bank & Capital Markets Tax Institute (BTI).

Combine our hometown service with the resources of a national firm and you'll begin to understand why FORVIS is the trusted advisor your institution has been looking for.

Assurance

FORVIS is a leader when it comes to audit work for financial institutions, holding the number two position as auditors of public banks in the U.S. according to data from S&P Global. Our team of dedicated professionals with concentrated experience in the financial institutions, mortgage banking, broker-dealer, specialty finance, and asset management industries can assist your financial services organization with:

Internal Audits
Financial Statement Audits & Reviews
Public Company Audits
SOC 1 & SOC 2 Reports
Third-Party Lending Training

Tax

Our tax services are designed to help financial institutions comply with federal, state, and local laws and help reduce their tax burden within the limits of the law.

FORVIS can assist the financial services industry with:

Federal & State Tax Return Preparation
Full Tax Department Outsourcing
ASC 740 Tax Accounting Preparation & Review
Tax Process Re-Engineering
Mergers & Acquisitions Due Diligence
Tax Advisory
Executive Compensation
Income Tax Credits
State & Local Tax (SALT)
Information Reporting
Tax Reduction Strategies
Real Estate Cost Segregation Studies
IRS Representation
Feasibility Studies of S Corporation Conversions
Personal Financial Plans for Executives
Estate Planning Strategies
Fiduciary Income Tax Return Preparation for Estates & Trusts
Employee Benefit Plan Summary Annual Reports

Advisory

In an evolving regulatory and economic environment, our trusted advisors can help!

FORVIS offers a variety of tailored, consultative services, including:

CECL Implementation
Corporate Risk Management
Growth & Sustainability
Credit Risk Management
Model Risk Management & Model Validation
De Novo Services
Mergers & Acquisitions, Valuation, & Consulting
Fair Value Assessments
Cybersecurity
Enterprise Risk Management
Accounting & Financial Reporting Assistance
SOX/FDICIA Internal Control Documentation and Testing
FDICIA Consulting Services
Accounting Standards Implementation
IPO Readiness
Loan Review
Regulatory Compliance

2023 Financial Services Virtual Symposium

Join FORVIS and other industry leaders for an insightful event where we’ll share knowledge on topics redefining the banking industry. General topics will include credit risk, regulatory compliance, cybersecurity, an accounting and tax update, and more. Click below for more information!

Save the Date!