You'll enjoy seeing the same consistent Team representation....
Nothing succeeds better than a closely forged relationship based on years of trust. In our Financial Services group, our commitment is to bring a complete knowledge of the Financial Services industry, its regulations and requirements, and back it with and a commitment to consistent representation at your location.
Our service delivery is unique. Our priority is to build a relationship with you by providing a CPA team that will be consistent, year in and year out. With virtually no staff turnover, you work with the same team of professionals every year. This relieves you of providing an annual "training ground" for fresh accountants, which is a waste of your time and energy. Using this philosophy, Bowers & Company grows along with our Financial Services clients, as we learn the nuances of your operation, anticipate your needs, and proactively plan for negotiating change.
With the financial meltdown of 2008, the Financial Services industry came under increased scrutiny as regulators and investors called for increased reporting and accountability requirements. The Dodd-Frank Wall Street Reform and Consumer Protection Act has had a significant impact on the financial services industry.
These regulations are often exacting in their scope, and time consuming in their compliance. Although implementation of the provisions of this legislation will take time, many financial service organizations are beginning to realize the impact the Act will have on their organizations.
If you are a Thrift or Thrift Holding company, you have been significantly affected by this legislation. We have worked with Financial Institutions that have experienced their first examination by the Office of the Comptroller of the Currency ("OCC"). If you have already had your first OCC Safety and Soundness Examination, you are familiar with the increased scrutiny of this regulatory agency. If you have not experienced your first OCC Examination, you will soon realize the emphasis they place on policies and internal controls.
Bowers & Company CPAs, PLLC provides internal and external audit, and tax services to financial institutions that help you plan for these challenges. We will help you develop an internal audit process that complies with these recent regulatory demands, including the Sarbanes-Oxley Act.
Among the Bowers & Company services you can expect are: