The American Institute of Certified Public Accountants (AICPA) and Chartered Institute of Management Accountants (CIMA) held the annual Conference on Banks & Savings Institutions in-person and virtually on September 12 to 14, 2022. FORVIS was honored to be an event sponsor again this year.
Our professionals attended multiple sessions and captured key takeaways from various speakers:
- Cryptocurrency: Cryptocurrency is beginning to be more commonplace in business and consumer spending and investing. Accounting for cryptocurrency was mentioned by each regulatory agency that presented and was identified as a top priority by many seeking counsel from regulatory agencies.
- ESG: Environmental, Social, and Governance (ESG) continues to be a hot topic as issuers have begun including additional disclosures to filings. As ESG data and information appears more frequently in filings, so do questions surrounding accounting, regulation, and internal controls.
- Pending Recession/Inflation: Many predictions were made over the course of the conference related to inflation levels and the timing of the next recession. While predictions varied, it was unanimous that inflation is here to stay for the near term and a recession is coming.
We've compiled easy-to-read summaries from nearly 20 sessions covered at the event. See the PDF for complete highlights and deeper dives!