Banks and credit unions are known for helping their communities by supporting local businesses and charities. But sometimes it’s the financial institutions themselves that need support. And that’s what KPM provides. In addition to traditional accounting, audit, and tax services, our team performs internal audits, loan reviews, and IT consulting. Keeping your customers’ assets safe and secure is your top priority—and, therefore, ours. Financial institutions depend on us for sound industry guidance.
Are you complying with operating rules set forth by the National Automated Clearing House Association? We’ll evaluate how you process and control ACH transactions and recommend improvements.
KPM’s can evaluate the overall integrity and effectiveness of your financial institution’s BSA/AML compliance policies, procedures, and processes. We’ll help keep you in line with regulators and keep customers’ assets safe.
Directors’ exams include certain agreed-upon procedures designed to meet minimum required assurance standards for banks. We can help design additional procedures that assess financial accountability and regulatory compliance.
If your employee benefit plan has at least 100 participants, the U.S. Department of Labor requires an annual audit. KPM performs EBP audits and provides related consulting services, including plan design and investment strategies.
Your financial statements give investors, board members, and regulators confidence in your institution’s fiscal stability. KPM helps community banks, large holding companies, and credit unions present a polished and accurate snapshot.
There’s more to a well capitalized bank or credit union than financial assets. Human capital is critical to serving your customers and the community. We offer HR audits, leadership training, and compliance support.
KPM’s customized internal audit solutions help you find the level of assurance your financial institution seeks. From design to assisting your staff to taking the lead with a fully outsourced solution, we can free up staff time and resources.
Cybercriminals are constantly looking to exploit weaknesses in your network. Through IT audits, vulnerability assessments, and penetration testing, we’ll help you find the potential threats before they do.
KPM evaluates your loan portfolio by reviewing repayment risks, underwriting standards, and risk mitigation practices. Our loan review team will identify any concerning trends or problem areas and help amend your action plan.
Are you looking to acquire a competitor or merge with another financial institution? If so, you need all the facts in front of you. Our team can help with due diligence, risk assessments, and tax implications of the deal.
With a supervisory committee exam, a credit union obtains an independent evaluation of its controls over various functional areas. It also helps assess risk areas and provides recommendations for improving internal controls.
Our CPAs and advisors are committed to reducing your tax burden and keeping you in good standing with the IRS. We can help you claim deductions, take advantage of credits or incentives, and prepare your annual returns.
As a member and supporter of these leading industry organizations, KPM stays informed about far-reaching issues, advocacy efforts, and compliance resources.
There are nearly 4,200 U.S. banks that employ about 2 million people.
Retail customers and corporate clients each account for about half of bank business.
Source: Dun & Bradstreet, IBISWorld
In the first quarter of 2021, U.S. credit unions had 127 million members.
Credit unions were projected to bring in nearly $82 billion in revenue in 2021.
Sources: IBISWorld, Credit Union National Association
Financial institutions operate in a complex environment, and your decision makers need to have all the information before moving forward. Our advisors are available to answer questions and talk specifics whenever you’re ready.