Financial Institutions


Sept. 22, 2020
Penn State Great Valley, Malvern | Webcast

Check back soon for 2019 Financial Institutions Conference on-demand sessions! 

Learn More: 

  • Salman Raza

    Regulatory Compliance and Risks in Financial Technology Industry

    It is widely believed that financial technology is going to do to banks and brokerage firms what Amazon did to retailers. With the ever-increasing interest in using financial technology platforms as an alternative to conventional banking, the need for effective oversight over these products has never been greater.
    Full story
  • Ian McDowell, CPA

    The Dodd-Frank Act and the Effects on Community Banks

    Since enactment of the Dodd-Frank Act in July 2010, the law has dominated discussions at community banking forums and board meetings. Has all the fuss really been warranted? Has Dodd-Frank really been that detrimental to small community banks?
    Full story
  • Nick Zagacki, CPA

    Banking for Marijuana: Is It Worth the Risk?

    Medical marijuana may now be legal in Pennsylvania, but the U.S. Congress maintains that marijuana is a Schedule 1 drug. That means the illegal distribution and sale of marijuana is a serious crime. This creates hesitation from banks when considering accepting customers whose businesses relate to marijuana.
    Full story
  • Flattening and Inverted Yield Curve Strategies for Financial Institutions

    Long-term yields on interest rates have fallen quickly since the October 2018 “Powell Pivot,” which was when Federal Reserve Chairman Jerome Powell chose not to raise interest rates until inflation accelerates. Frank L. Farone, managing director of Darling Consulting Group in Newburyport, Mass., discusses the challenges CPAs working with financial institutions now face, as well as a few lending and funding strategies they should consider. Farone will present this topic at PICPA’s 2019 Financial Institutions Conference on Sept. 17 at Penn State Great Valley in Malvern, Pa.
    Full story
  • Current Regulatory Issues Facing CPAs at Financial Institutions

    CPAs working for, or with, financial institutions are well aware of regulations and the implementation challenges that often accompany them. Barbara Stofflet, inspections leader with the Public Company Accounting Oversight Board (PCAOB), briefly discusses what CPAs working in this area need to key in on.
    Full story

“This conference is an excellent refresher on various critical emerging trends that are imperative to know in order to successfully overcome the potential and upcoming challenges that are being faced by the financial institutions industry, as well as the profession.”

Yuliya Goykhman, CPA | The Bancorp

Review 2019 Agenda

7:15 a.m.
Breakfast and Check-in
7:45 a.m.
Greetings from PICPA Leadership
8:00 a.m.
Long-in-the-Tooth Economy: How Are Pennsylvania Banks Delivering Returns?
  • Look at the Pennsylvania economy vs. the national economy with a short- and long-term perspective.
  • How are banks delivering returns to shareholders and how are balance sheets being managed given where we are in the economic cycle?
  • Capital management: Is there such a thing as too much capital?
  • Explore the differences in how balance sheets are managed and shareholder returns are generated in slow and robust markets.


Charles (Chad) K. Hull
Managing Director
Boenning & Scattergood Inc.
Jeffrey P. Marsico
Executive Vice President
The Kafafian Group Inc.
8:50 a.m.
Regulatory Hot Topics Panel Discussion
  • Observations and trends from current bank examinations
  • Viewpoint on the various changes in accounting standards such as revenue recognition, CECL, and lease accounting
  • Current credit and interest rate environment and its impact on asset and liability management


Barbara L. Stofflet, CPA
Citrin Cooperman & Company LLP


Eric K. Bowman
Supervisory Examiner
Federal Deposit Insurance Corporation
Hahne, Christopher
Christopher J. Hahne
Manager – Risk Analytics and Surveillance Unit, Supervision, Regulation and Credit Department
Federal Reserve Bank of Philadelphia
Wiessmann, Robin
Robin L. Wiessmann
Secretary of Banking and Securities
Pennsylvania Department of Banking and Securities
9:40 a.m.
Take a Breather
9:55 a.m.
Flattening and Inverted Yield Curve Strategies for Financial Institutions
  • Lending strategies and loan portfolio management in an inverted yield curve environment
  • Effective use of wholesale funding, policy considerations, and overcoming regulatory issues and concerns
  • Solutions uncovered: rising and/or falling rates
  • Determining the right funding mix without fear of longer term pain if rates move in either direction
  • Managing regulatory expectations while managing financial performance
  • Having the right ALM process in place to make the most informed decisions
  • High Performing ALCOs
  • Preview this session - CPA Conversations podcast


Frank L. Farone
Managing Director
Darling Consulting Group
10:45 a.m.
Ethical Challenges and Solutions
  • Impact of technology and ethical questions it presents
  • Issues that employers, tech companies, and governments will encounter in a quickly changing world
  • CPA's role in the future of ethics


Allison M. Henry, CPA
Vice President, Professional & Technical Standards
Pennsylvania Institute of CPAs
11:35 a.m.
12:25 p.m.
Emerging Technology Trends and Issues for Financial Institutions
  • Potential impact of the Internet of Things
  • Differences between federal and state corporate tax issues
    • Solution to credit card fraud?
    • Are cryptocurrencies viable?
  • Artificial intelligence in the financial industry


Randy Coneby headshot
Randy F. Coneby, CISA, MBA
Robert Miller headshot
Robert Miller, CNE, ASE, CCFE
Vice President of Technical Services
1:15 p.m.
CECL: What You Need to Know Now


Allison Minnis
Allison Minnis, CPA
Crowe LLP
Tim-McPeak headshot
Tim McPeak
Executive Risk Management Consultant
2:05 p.m.
Snacks and Chats
2:20 p.m.
A&A Update
  • Financial instruments
  • Overview of new and emerging accounting pronouncements and requirements
  • Lessons learned over the adoption of the FASB leasing standard
  • CECL update and disclosure requirements


Mulloy, Patrick
Patrick J. Mulloy, CPA
Partner, Audit Services
Brady, Kevin
Kevin Brady, CPA
Senior Manager, Audit Services
3:10 p.m.
Tax Updates for Financial Institutions
  • TCJA issues faced by financial institutions in 2018
  • Update on tax issues and trends in the banking industry
  • New depreciation rules and tax benefits
  • A look at the new rules related to business meals and entertainment expenses
  • Tax update for Pennsylvania
  • Accounting and regulatory issues related to tax changes


Marston, Charles
Charles E. Marston, CPA, MST
President and Director of Tax Group
SR Snodgrass PC
4:00 p.m.
See You Next Year


Co-sponsored by:

PaBankersAssoc FINAL

Breakfast Sponsor:


Lunch Sponsor:


Sponsor this conference!  View packages, and contact Kelli Comegys for more details.


CPE Credits: 4-A&A; 1-Tax; 1-Ethics; 2-Other

CLE Credits and Fees: This course has been submitted for 6.5-Substantive CLE credits. Attorneys requesting CLE credits must include and additional $50.

Level: Update
Prerequisites: None