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Accounting & Tax Services for Financial Institutions

Services for Financial Institutions

Business Advisory

  • Internal Audit Outsourcing/Co-sourcing
  • Regulatory Compliance Audits
  • Bank Secrecy Act/Anti-Money Laundering Audits
  • Outsourced Loan Reviews
  • Asset Liability Management/ Interest Rate Risk Audits
  • ACH Audits; Penetration Testing and Network Vulnerability Scans
  • Sarbanes Oxley (SOX) Compliance
  • Consulting Services
  • De Novo Application Process Assistance
  • Development of Policies and Procedures
  • Fraud Investigation
  • Enterprise-Wide Risk Assessment
  • Regulatory Liaison
  • Loan Portfolio Stress Testing
  • Risk Assessments
  • System Conversion Consulting

Audit & Attestation

  • Financial Statement Audit
  • Director’s Examination
  • Supervisory Audits
  • SSAE 18 Engagements
  • Employee Benefit Plan (401k) Audits
  • FFIEC (Federal Financial Institutions Examination Council) Information Technology (IT) Reviews
  • Trust Audits

Tax Planning & Compliance

How We Can Assist Current Financial Institutions with Operations, Accounting, and Tax Issues

New Lease Accounting Regulations

These new accounting rules could impact bank loan covenants as they might change the borrowing base for many loans.

How to prepare: Briggs & Veselka is already working with financial institutions and their clients to advise them on the possible implications of these new accounting regulations; the intent is to help them prepare possible revisions to existing covenants, and as guidance for future loan agreements. For more information, contact Kevin Stewart at

Loan Review Efficiency

Many smaller banks and credit unions wish to increase the effectiveness or efficiency of their loan reviews, but are often challenged by the lack of qualified personnel, particularly in smaller markets with a limited labor pool.

How to prepare: Briggs & Veselka offers outsourced loan review process, either on a turnkey or project basis. The work is completed by former bank loan review professionals, resulting in greater efficiency and better internal cost controls. For more information, contact David Phelps at

Chip Technology

As regulations requiring credit card issuers and their customers to shift to imbedded chips, there have been increasing operations and liability issues.

How to prepare: Our banking group, in conjunction with our retail and restaurant industry groups, has taken a proactive approach on how to address the operations, IT security, and ancillary issues related to the changeover, designed to be helpful for smaller banks who might lack the IT experience in dealing with these issues.  For more information, contact David Phelps at

FDICIA Application Process Assistance

As banks reach the deposit threshold, they must begin the process of adjusting operations and financial reporting requirements to meet stricter standards.

How to prepareOur integrated team of CPAs specializing in banking, in concert with our Business Advisory Services group, can provide an integrated road map on making the shift, and can offer insights into the possible issues, based on working with other banks who have experienced the changeover. For more information, contact David Phelps at


David Phelps

Business Advisory Partner, CPA


John Flatowicz

Audit Partner, CPA



Michelle Mullen

Tax Partner, CPA


Bank Client Testimonial

“I am impressed you completed the back testing report so quickly compared to your competition that took nine months before I had a report. I know we have engaged a superior firm to perform our audit work now.”

Executive Vice President of $500M asset Texas bank

Fast Facts

  • One of the largest financial services practices in Texas, offering sophisticated operations consulting in addition to audit and tax compliance
  • The Briggs & Veselka team consists of former bankers, regulators, internal auditors, loan review professionals and consultants, delivering practical solutions based on actual financial services experience
  • Insights into the unique aspects of banks, credit unions, mortgage companies, investment companies, and other financial services organizations
  • Team professional designations include Certified Bank Auditor, Certified Internal Auditor, Certified Financial Services Auditor and CPA
Find All Financial Services Professionals

    David Munn Advisory Director, CFE 713-366-8509 EDUCATION Texas State University Bachelor's Degree in Business Administration Colorado School of Banking ...
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    David Phelps Business Advisory Partner, CPA 713-353-1941 EDUCATIONB.S. in Accounting from the University of HoustonCERTIFICATIONSCertified Public Accountant – TexasINDUSTRIESAgricultureConstructionEnergyFinancial ...
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    Debra Seefeld Audit Partner, CPA, CFE 832-246-7565 EDUCATIONB.B.A in Accounting from Sam Houston State UniversityGraduated Magna Cum LaudeCERTIFICATIONSCertified Public Accountant ...
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    Edward Fowler Forensic, Valuation & Litigation Support Partner, CFA, ASA, MAFFedward.fowler@bvccpa.com512-476-8866 CERTIFICATIONSAccredited Senior Appraiser – Business ValuationChartered Financial AnalystMaster Analyst ...
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    Forest Xu Tax Partner, CPA 713-366-8529 EDUCATIONMiami University of OhioMaster in AccountancyCERTIFICATIONSCertified Public Accountant – TexasINDUSTRIESAgricultureEnergyFinancial InstitutionsHealthcareManufacturing & DistributionProfessional ...
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    Hernie Antonio Audit Director, CPA 713-366-8530 EDUCATIONUniversity of the East, Manila, PhillippinesCERTIFICATIONSCertified Public Accountant – TexasINDUSTRIESConstructionEnergyFinancial InstitutionsManufacturing & DistributionProfessional ...
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    Jamie Sylvester Audit Partner, CPAjsylvester@bvccpa.com713-353-1931 EDUCATION B.M. from the University of Lethbridge in Canada Graduate of the Northern Alberta Institute ...
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    Jason Sanders Tax Department Chair, CPA 713-667-9147 EDUCATION B.S in Accounting from Nicholls State University in Thibodaux, Louisiana CERTIFICATIONS Certified ...
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    Jeff Mealer State & Local Tax Manager, CPA, JD 713-366-8511 EDUCATIONJD from Texas Tech UniversityMBA in Accounting from Texas ...
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    James "Jim" Herrmann Chief Information OfficerPMP, MPM, LSSGB, ITILjames.herrmann@bvccpa.com713-353-1902 CERTIFICATIONS Project Management Professional (PMI PMP) Master Project Manager (AAPM MPM) ...
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    John Cooney State & Local Tax Partner, CPA 713-353-1903 EDUCATIONB.B.A. in Accounting from Texas Tech UniversityCERTIFICATIONSCertified Public Accountant – ...
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    John Flatowicz Audit Partner, CPA 713-353-1910 EDUCATIONUniversity of NebraskaB.S. in AccountingThe University of TexasMaster in Professional AccountingCERTIFICATIONSCertified PublicAccountant – ...
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    Larry Dodson Audit Partner, CPA 512-480-8182 EDUCATIONB.B.A. in Accounting from Hardin-Simmons University in Abilene, TexasCERTIFICATIONSCertified Public Accountant – TexasINDUSTRIESConstructionFinancial ...
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    Lesley Sciortino Audit Partner, CPA 713-353-1994 EDUCATIONUniversity of HoustonBBA in Accounting & FinanceUniversity of Houston - Clear LakeMBACERTIFICATIONSCertified Public ...
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    Lincoln McKinnon Audit Principal, CPA 713-366-8525 EDUCATIONSMU's Southwest Graduate School of Banking - Bank Operations InstituteBBA & MBA from ...
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    Marilyn Fowler Tax Director, CPA 713-353-1908 EDUCATIONUniversity of HoustonM.S. in AccountancyCERTIFICATIONSCertified Public Accountant – TexasINDUSTRIESEnergyFinancial InstitutionsHealthcareManufacturing & DistributionProfessional ServicesSERVICESCorporate ...
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    Michelle Mullen Tax Partner, CPA 713-366-8560 EDUCATIONWashington State UniversityMBAB.A. in Business AdministrationB.S. in AgribusinessCERTIFICATIONSCertified Public Accountant – TexasINDUSTRIESConstructionEnergyFinancial InstitutionsManufacturing ...
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    Rick Westerfield Tax Partner, CPA 832-463-4116 EDUCATION Baylor University CERTIFICATIONS Certified Public Accountant – Texas INDUSTRIES Agriculture Energy Financial ...
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    Rubik Yeriazarian Forensic, Valuation & Litigation Support Principal, CPA, CFE, CFF 713-366-8527 EDUCATIONUniversity of HoustonBBA in AccountingMasters of AccountancyCERTIFICATIONSCertified ...
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    R. Scott Robertson Tax Partner, CPA 713-353-1947 EDUCATIONMount Allison UniversityBachelor of Commerce in AccountingCanisius CollegeMasters in ScienceCERTIFICATIONSCertified Public Accountant – ...
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    Sonny Brandtner Risk Senior Director, CPA, CFE 281-917-7541 EDUCATIONB.B.A in Accounting from University of Texas - AustinCERTIFICATIONSCertified Public Accountant ...
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    Tom P. Donovan Audit Partner, CPA 512-346-0908 EDUCATIONB.B.A in Accounting from the University of Texas - AustinCERTIFICATIONSCertified Public Accountant ...
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