Auditing Call Reports: Best Practices for Documentation and Review

With regulatory agencies increasingly relying on the Call Report as an effective way to monitor and remotely supervise banks, there is greater emphasis on Call Report accuracy. In addition, regulators are more frequently including a Call Report review during on-site examinations. It is imperative that Call Report preparers, reviewers, and auditors understand regulators' expectations regarding Call Report accuracy, as well as the bank's procedures for preparation and review. This session will highlight key audit areas, common errors, and best practices for performing and documenting the review of quarterly Call Reports.

• Knowing the regulators that receive a copy of a bank's audit call report
• Knowing a regulator's use of the report
• Understanding the content of the audit call report
• Focus on primary components
• Managing audit call report preparation and review
• Identifying inaccurate and/or inconsistent information
• Value of an audit call report to the reporting institution

• Call Report objectives
• Regulators use Call Report information
• Regulators expectations for internal review processes
• Key Call Reporting areas and steps for auditing/reviewing those areas
• Internal controls for review and audit
• Best practices for documenting Call Report preparation and review
• Avoiding inaccuracies and inconsistencies
• Commonly misreported items
• Audit call report preparation and review responsibilities

National Banks, State Member Banks, and Insured Non-Member Banks are all responsible to submit audit call reports on a quarterly basis. Highly important that audit call reports are prepared accurately and consistent with other financial information reporting. This presentation is designed to be of value to audit call report preparers, contributors and reviewers as well as to senior business managers.

• Call Report preparers
• Call Report reviewers
• CFOs
• Controllers
• Internal auditors
• Compliance officers
• Senior business managers

Robert Geary is the founder of Greenwich Risk Management Advisory Services "LLC" and services as the principal consultant on many of the firm's consultancy mandates.
Robert has been a banking and finance industry professional for 43 years with 34 years serving in a variety of senior Treasury, financial market, asset management and risk management roles at JP Morgan Chase & Co. For the last 6 years of his career with JP Morgan Chase, Robert had undertaken risk management oversight roles that have included Head of Market, Credit and Operational Risk Management for Chase Asset Management and being Managing Director of Fiduciary Risk Management for the Corporation. During Robert's career he has served on the Board of Directors of Chase Manhattan Overseas Banking Corporation as well as having served on numerous senior committees. Prior to joining Chase, he held positions at Chemical Bank, Chrysler Financial Corporation and National Bank of North America.
Robert holds a BA degree in Economics from Pace University and did graduate studies in finance at New York University Graduate School of Business. He is a Past President of the New York Athletic Club and iscurrently a member of the Executive Advisory Board of St. John's University Department of Accounting and Taxation.