2025 Depository and Lending Institutions: Banks and Savings Institutions, Credit Unions, Finance Companies, and Mortgage Companies - Audit and Accounting Guide

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Clear and practical guidance you need

The financial services industry and its regulatory landscape is constantly evolving. This adds challenges for institutions assessing their operations and internal controls for regulatory considerations.

Updated for 2025, this industry standard resource offers comprehensive accounting implementation guidance for preparers. This guide also includes clear and practical guidance for audits of depository and lending institutions, including considerations such as planning, risk assessment, controls, fraud, and execution of the audit.

Updated guidance

Some of the most recent guidance that has been incorporated into this edition of the guide includes:

• FASB ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures
• FASB ASU No. 2023-08, Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets
• FASB ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures
• FASB ASU No. 2023-05, Business Combinations—Joint Venture Formations (Subtopic 805-60): Recognition and Initial Measurement
• FASB ASU No. 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets
• SAS No. 143, Auditing Accounting Estimates and Related Disclosures
• SAS No. 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement
• SAS No. 146, Quality Management for an Engagement Conducted in Accordance With Generally Accepted Auditing Standards

Who Will Benefit

• Management accounting and financial professionals at depository and lending institutions of all sizes
• CPAs at auditing firms of all sizes who perform engagements in the depository and lending industry

Key Topics

• Background on the financial institutions industry as well as interpretive guidance for both new and existing rules
• Measurement of credit losses
• The latest auditing and regulatory guidance specific to financial institutions
• Coverage of regulatory updates from key industry regulators (FDIC, OCC, Federal Reserve and NCUA)
• Illustrative agreed-upon procedures engagement report for an other supervisory committee audit under NCUA regulations