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Volume 6-3 

The Foreclosure Dilemma: Information for Banks on Selling vs. Holding Properties

By Frank Gonzalez, CPA
One of this year’s biggest decisions for many banks is whether to launch a program to sell foreclosures and problem loans or keep holding and restructuring them.
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Banks Could See Benefit from New Federal Rules Relating to Basel II Capital Accords

By Frank Gonzalez, CPA
Federal banking regulators have issued proposed rules that would give most banks the option to adopt an alternative framework for calculating risk-based capital requirements.
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Management Reviews of SAS70 Reports

By Frank Gonzalez, CPA
Financial Institutions that utilize Third Party Administrators/Processors (TPAs) need assurance that the internal controls environment of the TPA meets their needs as part of their vendor management programs.
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Up Close: Yvette Garcia, CPA

Yvette Garcia, CPA, is a partner in MBAF’s Audit Department, where she specializes in conducting audits for the firm’s financial institutions clients. She is one of the lead auditors in the firm’s assurance work for community banks and international banks.
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The purpose of this newsletter is to provide general information on tax, audit and other issues related to the financial services industry. The information contained herein may not apply to all institutions or organizations and their specific circumstances. Financial services organizations are encouraged to consult directly with an accounting expert before making tax and accounting decisions.