BankerCollege

This banking webinar identifies and explains historical events and legislative milestones. It especially focuses on two major laws:

1. FDICIA of 1991
2. SOX of 2002

The FDICIA of 1991 portion of the webinar covers:

• FDIC insurance changes
• Restrictions on real estate lending
• Improved capital standards and new capital classifications
• Extension of credit to “insiders”
• FDIC authority to take action
• Enhanced examination process
• Accounting aspects of FDICIA
• Audit committee issues

The Sarbanes-Oxley (SOX) of 2002 portion of the webinar covers:

• The CPA and independence
• CPA audit partner rotation
• Audit committee “financial expert”
• SEC review of periodic disclosures by issuers
• PCAOB – the new quasi-governmental inspectors
• Internal control

Additional Takeaways:

• Attendees receive an important overview of what is required by FDICIA and SOX.
• A brief history of activity that leads to these significant laws is provided and is the foundation needed to understand and comply with both laws.
• How internal and external auditors and accountants are affected by these laws is carefully outlined.
• The take-away is a solid understanding of these two game-changing laws.
• Those who will benefit from this webinar include all depository institutions (banks, thrifts, credit unions etc.) – public or non public.
• Additionally, all publicly-owned entities must follow SOX and employees in those entities will benefit from this webinar.