Curriculum

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.

Instructor

  • Paul Sanchez

    Paul Sanchez

    PSA Professional Service Associates / Founder


    Paul J. Sanchez, CPA, CBA, CFSA conducts a CPA practice in Port Washington, New York. He is also the owner of Professional Service Associates (PSA), a consulting and professional training and development business servicing corporate clients (auditors, controllers, etc.), CPA firms, professional associations and others. He was an assistant professor at Long Island University – C.W. Post Campus as well as an adjunct lecturer at City University of New York. Prior to starting PSA, he was the Vice President-Professional Development for the Audit Division of a regional bank and Director of Professional Practices and Vice President of a money-center bank, where he directed the professional practice development and training for internal auditors.

Credits

1.5 CPE Credits & 1.8 AAP Credits