Accounting, Tax, Auditing

Shannon & Associates can provide you with a full range of accounting and assurance services tailored to the needs of your bank. Our knowledgeable, skilled staff have not only audited and consulted with banks but have worked in the banking industry. We understand the complexities of your business and believe in practical solutions to your organization’s needs. As a locally owned CPA firm we are committed to providing the highest quality of service to our clients.

The community banking industry is reacting to unchartered economic turmoil and an increasingly complex regulatory environment since last year. Today, community banks face a whole host of new challenges that are putting enormous pressure on earnings, liquidity and capital. The American Institute of Public Accountants and the FASB are not helping out community bankers very much either with their focus on mark-to-market rules, loan loss reserves and other standards that are geared to larger, publicly traded institutions.

In these complex times, you need an audit firm that can help you simplify.

Our auditing and accounting services include:

• Auditing Historical Financial Statements
• Preparing Budgets, Forecasts and Projections
• Performing Internal Controls Analysis, Testing, and Documentation
• Providing Assurance on Compliance with Regulatory Requirements
• Performing Agreed Upon Procedures
• Auditing Employee Benefit Plans
• Performing SAS 70 audits
• Sarbanes Oxley Support
• Compliance with FDICIA Requirements
• Internal audits
• Government HUD audits