Committee Action Plan

Who We Are

The Banking Committee is a multi-disciplinary statewide technical committee of the New York State Society of Certified Public Accountants (NYSSCPA) that acts as a resource to society members and the public regarding current and developing domestic and international accounting issues and regulations, financial and management reporting, and business issues affecting the banking industry.

What We Do

The Committee’s objectives include but are not limited to:

• Addressing technical questions from NYSSCPA members.
• Providing continuing professional education and presentation opportunities by conducting educational conferences and technical sessions in coordination with the Foundation for Accounting Education (FAE).
• Monitoring new accounting rules and legislation related to the banking industry.
• Offering opportunities to provide comments on proposed new domestic and international standards, exposure drafts, pronouncements or similar documents, as well as implementation and interpretive guidance.
• Affording networking and discussion opportunities of current topics at committee meetings and educational sessions.
• Disseminating information through articles in The CPA Journal, The Trusted Professional and other publications.
• Partnering with other internal and external professional committees that serve the banking industry (for example, the NYSSCPA Anti-Money Laundering and Counter Terrorist Financing Committee, the Association of International Bank Auditors, and the Financial Executives Networking Group) to provide presentations on timely topics.
• Building relationships with banking associations such as the American Bankers Association, New York Bankers Association, Independent Bankers Association of New York State, The Clearing House, and the Institute of International Bankers, and with regulators such as the Federal Reserve, New York State Department of Financial Services, Securities and Exchange Commission, Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation.

Who Should Join

All NYSSCPA members in the banking industry as well as those in private practices who audit or provide advisory services to the industry should join. In addition, CPAs from regulatory agencies are encouraged to join.