2023 AICPA Conference on Banks & Savings Institutions

KPMG reports on the key messages from this year’s conference – including economic developments, regulatory updates and the emergence of artificial intelligence.

Applicability

• All financial institutions

Relevant dates

• Applicable immediately

Key impacts:

Current trends affecting the banking industry indicate that the upcoming years will be quite different than the recent past. Speakers at the AICPA National Conference on Banks and Savings Institutions, which took place September 11-13 in Greater Washington DC, discussed the implications of shifting economic conditions, market stresses of this past spring and the unpredictable yet vast potential of AI. Bankers, regulators, standard setters and auditors expressed the importance of trust and communication amongst industry stakeholders as these trends play out.

Report contents

• Meeting Highlights
• Turning point in the economy
• Trust, the cornerstone of our banking system
• Insights into high-quality financial reporting from the SEC
• A look at FASB’s latest standard-setting activities

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