Financial institutions have been sued for damages related to accounting for MBS losses and estimating reserves. CRA personnel have vast expertise and experience with generally accepted accounting principles, matters involving the sale and repurchase obligations of mortgage backed securities, models used to estimate losses, and analysis of large transactional datasets that support financial statements. We also have formal relationships with former “Big 4” audit partners who have practical industry and testimony experience.
Key issues for the US banking sector
Simultaneously, banks are challenged to address transformative issues such as artificial intelligence and escalating cyber threats, while maintaining vigilant...