Banking Financial Services and Insurance
Detecting and Auditing for Fraud in Financial Statements Using Data Analysis
Tell-tale signs of accounting fraud include growing revenues without a corresponding growth in cash flows, consistent sales growth while competitors are struggling, and a significant surge in a company's performance within the final reporting period of the fiscal year.According to the ACFE, financial statement fraud is the least common type of fraud in the corporate world, accounting for only 10% of detecte..
How Better Working Capital Management Can Increase Your Borrower's Shareholder Value
First, the key elements of stronger working capital management are disclosed and demonstrated: cash conversion cycle measured by cash turnover (days cash outstanding, inventory turnover (days inventory outstanding), receivables turnover (days receivable outstanding), and accounts payable turnover (days payables outstanding) - Industry statistics to compare borrowers with their peers - Alternatives..
UDAAP Examination Procedures: recent revisions included!
During this webinar, we will discuss the intricacies of the revised UDAAP examination procedures, especially in terms of evaluating potential discrimination within the unfairness framework. We also go over the current regulatory climate and what to expect from examiners in 2024. Areas Covered Overview and background of UDAAPCurrent regulatory environmentChanges to the examination proceduresIdentify steps to..
Planning and Budgeting for Non-Financial Professionals in a COVID-19 Environment
Non-financial professionals are required to take leading roles in the control of financial resources. This requires a basic knowledge and understanding of the basic tools and techniques of planning & budgeting. This is especially critical in a COVID-19 environment when recourses are scarce yet profit expectations remain high. This Webinar provides basic tools, techniques, methods and models related to p..
Key US AML Regulation Changes for 2024: Important for Compliance Staff
These changes will keep us busy and require us to make applicable updates to our internal documents, systems, policies and procedures, and reference materials. And don't forget about any special projects that may occur as well throughout the year.It’s important to understand these changes, but we must also understand the implications for our financial institutions, particularly for individual staff members...
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Cash Fraud – Don’t Let it Walk Out the Door!
This webinar is a strategic guide for businesses and financial professionals to understand, detect, and prevent cash fraud risks. As cash remains a vulnerable asset, it's crucial for organizations to fortify their defenses against fraudulent activities that could impact their financial stability. Participants will gain practical insights, tools, and best practices to safeguard their cash assets and establis..
Estimating Seasonal Borrowing Needs and Ability to Repay
One of the most basic analytical and underwriting tools a banker must have is the ability to determine whether a borrower can repay its short-term borrowings based on the financial information available.First, the session will explain the interrelationships among revenue projections, the expenses needed to support seasonal sales growth as well as the working capital assets, fixed assets, and liabilities nec..
Fraud: Creating a Fraud program and Implementing It For Your Institution
Management has a responsibility to be familiar with and alert to the types of fraud that might occur in their area and to put in place effective controls to avoid such occurrences. Management should also provide support to and work with the Internal Audit Division, other areas in a financial institution by reporting and investigation of dishonest or fraudulent activity, including the prosecution of offender..
Communicating Financial Information To Non-Financial Stakeholders
Financial Professionals and challenged in the presentation of financial information to non-financial professionals. Financial professionals have the knowledge. Non-financial professionals need the information in forms they can understand. Financial professionals must keep it simple. Customers are not accountants. It helps to relate financial information to personal information to enhance understanding. Also..
New NACHA Operating Rules Changes in 2024
Each participant in the ACH Network is required to follow the NACHA Operating Rules and be compliant. Minor topics changes included within these updated Rules:General Rule for WEB EntriesDefinitions of OriginatorOriginator Action on Notification of ChangeData Security RequirementsUse of Prenotification EntriesClarification of Terminology – Subsequent EntriesThese minor changes will become effective Ju..
Effective Anti-money Laundering Program - Financial Fraud Detection, Prevention
In this upcoming webinar, we will delve into various aspects of auditing financial accounts, including recognizing suspicious transactions and utilizing computerized tools to enhance efficiency. Additionally, we will discuss the importance of maintaining up-to-date customer information for a robust Know Your Customer (KYC) design. Training and awareness on best practices in financial monitoring will also be..
Building a World Class Internal Audit Function
Increased demand for statutory and regulatory requirements as well as control and financial focused engagements increases the need for maintaining a fully staffed internal audit activity with appropriate skill sets with restricted budgets.Coupled with a need to improve reporting relationships with senior management and the board and maintaining a risk-focused audit plan in an era of competing priorities Int..
14 Credit Discipline Tools for Diagnosing, Improving, and Maintaining Your Organization’s Credit Culture
Successful credit risk management relies on a strong credit culture to support and execute strategies and policies. In turn, the culture relies on some basic tools to maintain its strength. These 14 tools offer an expedient way to test the quality of credit risk management but also serve as techniques for remediating and improving credit culture and credit risk management.Learning ObjectivesDefine and expla..
Analyzing Financial Statements
You will learn all about how to start the analysis process, how the FASB and SEC operate together and where you can find audited financial statements and how to retrieve them. We will cover auditor’s opinions and what they mean. We will discuss the objectives of analysis management, learn tools and techniques such as common sizing financial statements and trend analysis. We will cover the five categories of..
Basics of Asset Based Lending (ABL)
Asset-based lending (often referred to as “ABL”) is a form of commercial lending designed to finance safely the working capital needs of a borrower whose cash flow currently may not support debt repayment. Like other commercial loans, cash flow is the primary repayment source for an asset-based loan but with a stronger reliance on the company's assets as collateral and firmer control over the receipts of th..