Call Report Preparation: An Update and Review
This Call Report Preparation seminar will help preparers and reviewers understand the preparation process and eliminate errors. The seminar will begin with an overview of proposed revisions announced to the March, 2016 and December, 2015 Call Reports followed by a review of critical balance sheet and income statement schedules, including a line by line review of RC-R, risk based capital. Schedules included in the presentation are the FFIEC 041 forms.
Annual training in Call Report Preparation is highly recommended by bank regulators, not just for preparers of the call report, but also for reviewers. A reviewer needs to understand the reporting requirements and should spend at least 3-4 hours performing a detailed check of the completed Call Report Schedules and supporting documentation. New and experienced preparers and reviewers should be trained.
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