Banking & Credit Union Audit

A banking and credit union audit is an independent examination of the institution’s financial statements under U.S. GAAP that results in an auditor’s opinion. It concentrates on the allowance for credit losses under the CECL model, the valuation and classification of the loan and investment portfolios, and whether the financial statements reconcile to regulatory reporting. For many institutions it also supports FDICIA or supervisory requirements.

• Community and regional banks with board, regulatory, or holding-company requirements.
• Credit unions subject to supervisory-committee audit requirements.
• Bank holding companies and de novo institutions.
• Institutions crossing FDICIA asset thresholds that trigger additional requirements.
• Lenders and specialty finance companies with audited-financial covenants.

• Allowance for credit losses under CECL and ASC 326, including model inputs and assumptions.
• Loan review, credit quality, and the identification of impaired or classified loans.
• Investment portfolio valuation and available-for-sale versus held-to-maturity classification.
• Regulatory call-report tie-out and reconciliation to the financial statements.
• Interest income recognition, deferred fees and costs, and troubled debt considerations.

Modus helps you get a banking and credit union audit that reconciles cleanly to your call report and keeps disruption low. Our AI-native platform ingests the loan tape, investment records, and general ledger, ties every conclusion back to source, and analyzes credit quality and CECL inputs across the full portfolio rather than a sample. That means fewer requests and earlier identification of credit issues.

• Top-firm audit quality at a middle-market price.
• Real depth in CECL, loan review, and investment valuation.
• A faster, AI-native process that reduces disruption for your finance team.
• Source-linked support that simplifies board and regulatory reporting.
• Up to about 40% less time on the compliance side of your close.