Financial Institutions

Quality assurance, tax and advisory services are critical for financial institutions in today’s rapidly changing industry landscape. We
currently serve over 175 financial institution clients throughout the Southeast, which translates into a first-hand understanding of the industry and its best practices.


Assurance Services


Mauldin & Jenkins is committed to compliance with all audit requirements and
accounting standards, and we emphasize providing value-added audit services for our
clients. We enhance the value of the audit by maintaining an open line of communication with management, the Board and the Audit Committee for key accounting and auditing issues. Our service not only fulfills compliance with all audit and accounting standards, but also strengthens our clients’ corporate governance and financial reporting. We are also a registered firm with the PCAOB and licensed to practice before the SEC on public company audit engagements. Our goal is to build lasting relationships by providing the highest quality service. Our assurance services
are enhanced and further help differentiate us from other assurance service providers

Direct partner involvement in the field to supervise qualified staff and consult with management during the audit process.

Over 40 hours of annual internal training sessions designed specifically for the financial institution team to ensure that the individuals who work on your audit are experts and as a result, are efficient and effective in order to minimize disruption to client personnel.

TAX Services

tax planning and return preparation

Our financial institution tax partners assist our clients in understanding the tax challenges within the financial institutions industry, implementing tax-planning strategies to minimize tax exposure while also avoiding non-compliance penalties and making informed business decisions concerning both federal and state tax-related matters.

For more information, please click HERE.



Risk Management Services

Today’s regulatory and corporate accountability culture demands that financial
institutions establish and maintain an effective enterprise-risk-management system.
This system requires effective internal controls, ongoing monitoring and independent
testing for compliance. Outsourcing can be an effective way to meet these demand and
we provide the following to assist in meeting these demands:

Our regional experience means we have the knowledge to advise our clients on the most up-to-date industry practices.

For more information, please click HERE.

Whether clients want to outsource the entire internal audit function or just certain areas, our engagements are customized for each client to meet their specific needs.

For more information, please click HERE.

Information Technology Services

Cybersecurity is a significant concern for all financial institutions. We provide information technology system consulting as well as full-scope information technology assessments and reviews including GLBA, penetration testing, vulnerability assessments, firewall configuration, social engineering, ADA website accessibility, NACHA, and SOC reviews.

Article One, Subsection 1.2.2 (Audits of Rules Compliance) of the NACHA Operating Rules requires all Participating Depository Financial Institutions to conduct, or have conducted, an audit of its compliance with the NACHA Rules.  This requirement relates solely to compliance with the NACHA Rules and is not limited to compliance with any specific rules or group of rules.  This audit obligation does not address other audit considerations with regard to a financial institution's ACH policies, procedures, or regulatory compliance.  An annual audit must be conducted under the Rules Compliance Audit Requirements no later than December 31 of each year.

An audit of compliance with the NACHA Rules must be performed under the direction of the audit committee, audit manager, senior-level officer, or independent (external) examiner or auditor of the participating institution.  A participating institution must retain proof that it has completed an audit of compliance in accordance with the NACHA rules and documentation supporting the completion of the audit must be retained for a period of six years from the date of the audit.

Upon receipt of the National Association's request, a participating institution must provide to the National Association, within ten (10) Banking Days, proof that the participating institution has completed audits of compliance in accordance with the NACHA Operating Rules. Failure to provide proof of completion of its own audit, or its Third-Party Service Provider's and/or Third-Party Sender's audit, according to procedures determined by the National Association, may be considered a Class 2 rule violation pursuant to Appendix Nine, Subpart (Class 2 Rules Violation).


The regulatory compliance environment continues to expand in complexity and our professionals can assist in answering questions on compliance matters that are most vital to every institution. We provide compliance services consulting as well as full-scope compliance assessments and reviews including consumer loan and deposit compliance, Bank Secrecy Act and Anti-Money Laundering, fair lending, AML validations, FACT Act as well as compliance training.


Depending on the number of employees, certain financial institutions are required to have their employee benefit plans, including 401K’s, audited. We provide annual employee benefit plan audits by individuals who specialize in these type audits which allows us to not only perform an audit that complies with all related accounting and reporting requirements but to also perform the audit in a very effective and efficient manner in order to minimize disruption.

For more information, please click HERE.

other ADVISORY Services

We provide a range of COSO 2013 and SOX 404 services, including identifying and documenting key controls, mapping key controls to the control matrix, documenting process narratives, identifying and documenting supporting controls as well as the outsourcing of certain pieces up to the entire ongoing annual internal control monitoring and related testing process.

We provide a range of merger and acquisition services, including identifying potential merger partners, due diligence, feasibility studies and capital planning. 

We provide transition assistance related to the new CECL allowance methodology, including how a financial institution can use its current loan loss model for CECL, with certain modifications in order to comply with CECL’s new requirements.

We provide annual interest rate risk and liquidity reviews including review of related policies and required validation testing. We also provide feedback related to how the policy compares to industry best practices.

We provide annual allowance for loan loss validation testing as required by current regulatory requirements

We provide investment policy reviews as well as testing for compliance with the stated policy and current regulatory requirements.

We provide call report preparation assistance, including complete outsourcing of the entire report preparation process, if desired.

We provide fraud reviews including documenting how the fraud occurred, what changes are recommended to help reduce the likelihood of the fraud occurring again as well as obtaining the required documentation to be provided to the bonding company or regulatory authorities.

While not as widely needed by all financial institutions, we also provide the following other specialty advisory services to financial institutions including:

  • Mortgage-company audit procedures
  • Trust company audit procedures
  • De novo formation services
  • S-Corp conversions
  • Valuation services
  • FHLB verifications
  • Regulation A/B audits
  • Cost segregation studies
  • Vendor management reviews

SALT Services

The increasing amount of economic nexus regimes that enact statutes specifically targeting financial institutions is often overlooked. For financial institutions that have loans or credit to customers in multiple states, they need to be able to analyze the various state-specific nexus requirements. These financial institutions may be subject to filings for income tax, franchise tax, or both, and may be required to utilize specialized apportionment factors. Please click HERE to learn more about how our SALT practice can help you.


Mauldin & Jenkins ask anything accounting webinar

Ask Anything: ALlowance Calculations | Presented by: Alison Wester and Kris Trainor

Join Mauldin & Jenkins for Ask Anything: Allowance Calculations. The allowance for loan losses is generally a bank's largest single estimate. The COVID-19 pandemic means that not only are many bankers originating PPP loans and working with the SBA, they are also managing a portfolio of credits that may experience signs of distress.

To view the webinar, please click here.

To view the slides, please click here.

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additional insights

If you would like to view additional insights, such as webinars and newsletters, please click HERE

Together we can do anything

Our focus will always be on you and your needs. Working with more than 175 financial institutions throughout the Southeast guarantees you a team of qualified professionals. We have “large firm” resources with a “local firm” client service approach. We have become recognized experts one satisfied client at a time. Let us be your trusted advisor to help you achieve your goals.


Mauldin & Jenkins hanson borders

Hanson Borders

Managing Partner

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Mauldin & Jenkins bill curtis

Bill Curtis

Partner In Charge

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Mauldin & Jenkins jim vaughn

Jim Vaughn

Partner In Charge

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Mauldin & Jenkins ron mitchell

Ron Mitchell

Partner, Financial Institutions Practice Leader

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mauldin & jenkins emily dent

Emily Dent


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