Dates of Event & Pricing

$249 for Webinar and Playback*

*Playback has no expiration and may be shared internally.

  • Wednesday, May 13, 2020

  • 12:00 – 1:30 pm (Eastern Time)

  • 11:00 – 12:30 pm (Central Time)

  • 10:00 – 11:30 am (Mountain Time)

  • 9:00 – 10:30 am (Pacific Time)


This audit and accounting training explains the reasons for a bank’s investment portfolio and the need for having a current, comprehensive, written, investment bank policy disseminated to key personnel. 

It identifies the key investment, controllership and audit officers of responsibility and discusses their respective responsibilities. 

It also describes the typical financial instruments used to construct a sound investment portfolio including: 

  • US Treasury Bills
  • US Treasury Notes and Bonds
  • Mortgage Backed Securities (which requires knowledge of the mortgage market and to financial instruments created by the mortgage market such as fixed rate mortgages, adjustable rate mortgages, graduated payment mortgages, balloon mortgages)

It also describes the mortgage-backed “players” and their roles and responsibilities, including the importance of pass-through securities. 

It also briefly describes (1) municipal obligations such as: 

  • BANS – Bond Anticipation Notes 
  • TANS – Tax Anticipation Notes
  • RANS – Revenue Anticipation Notes
  • COPS – Certificates of Participation 

and (2) unique investments such as: 

  • CMOs (collateral mortgage obligations)
  • Floaters
  • Inverse Floaters
  • I/O strips (interest only)
  • P/O strips (principal only)


  • 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.


1.5 CPE Credits & 1.8 AAP Credits