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  • Banks, Credit Unions & ADIs

    The game has changed for the banking sector. So have we.

A dynamic banking environment needs a dynamic service provider

There’s a lot going on in financial services today. Regulators, financiers, shareholders and other stakeholders are placing increased demands on providers. Expectations are high around corporate governance, competitive advantage, product innovation and performance.

At the same time, banks, credit unions and other Authorised Deposit-taking Institutions (ADIs) must embrace digital disruption and provide tools for their customers to interact with their account holders. The shift from traditional customer service channels to digital channels has been huge. With that comes new challenges and opportunities.

BDO helps financial services providers to maximise market opportunities while meeting compliance and regulatory obligations. Our experienced team can deliver digital transformation strategies to enhance and streamline customer experience – combining technical support and strategic advice to help you.

How can we help?

BDO’s financial services team members come from a variety of exceptional backgrounds, blending their experience to develop new insights and add real value to your business. Our team can help you with:

  • Digital consulting services
  • Data analytics and insights
  • Financial strategy and analysis
  • Business and operational transformation
  • Program and project management
  • Australian Financial Services Licence, Responsible Entity and Managed Investment Scheme compliance
  • Insolvency, recovery and strategic business management
  • Pre lending due diligence and independent expert reports
  • Mergers and acquisitions
  • International tax and tax structuring
  • Executive remuneration and expatriate tax services
  • Internal and external audit
  • Business risk mitigation
  • Forensics and transaction analysis and recovery.

Services

BDO’s commitment to the financial services industry has allowed us to build a highly qualified and technically trained team. We provide a focussed and efficient approach for your individual needs. We have the skills and capabilities to assist ADIs and your clients with:

Audit

Our audit team offers a partner-led service with a proven international audit methodology. BDO is highly experienced in advising on the requirements of the prudential standards and ensuring you comply with the reporting requirements under these standards. We apply our technical and industry knowledge to help you improve systems and processes for external financial reporting; and cope with changing regulatory requirements under International Financial Reporting Standards. Services include:

  • External audit
  • Internal audit
  • IT reports and investigations
  • Probity and process advisory
  • Technical accounting advisory.

Business Recovery and Insolvency

BDO has extensive experience in conducting business reviews and advising lenders, directors and other stakeholders on options available to companies facing financial problems. This includes providing advice and services to assist banks develop and implement solutions to stabilise the financial position of clients and maximise recoveries. Services include:

  • Corporate insolvency
  • Personal insolvency
  • Business recovery and strategic business management.

Corporate Finance

BDO has one of the largest corporate finance teams in Australia servicing the corporate and investment sectors. Our dedicated team works with our International BDO network, present in more than 110 countries, to help you make strategic decisions. Services include:

  • Valuation services
  • Mergers and acquisitions
  • Transaction analysis and recovery.

Corporate and International Tax

Our tax experts are focused on providing a tax strategy that allows your business to develop and grow while minimising tax costs. We do this by understanding your business and commercial needs, enabling us to provide proactive, commercial tax advice and allowing you to make business decisions with confidence. We can help with:

  • International tax advice
  • Executive remuneration and expatriate tax services
  • Transfer pricing
  • Corporate transactions
  • Corporate tax risk management
  • Indirect taxation.

Fraud and Forensic Services

BDO’s national fraud and forensic services team offers specialist advice and services to minimise the risk of financial loss and reputational damage. The team also helps to address issues arising from an increase in the complexity of litigation. Our team of multi-disciplinary experts can help with:

  • Forensic accounting
  • Fraud examination
  • Computer forensics
  • Risk management services.

Consulting

BDO Performance Improvement assists leading companies deliver on their strategy. We can help ensure your initiatives are adequately managed and resourced to achieve required outcomes. We work with smaller teams to provide senior and highly skilled resources. Our focus is to help you implement your strategic initiatives to continuously improve your business. Our team can assist with:

  • Strategy and transformation
  • Human capital
  • Operations
  • Digital technology advisory
  • Data analytics and insights.

Risk Advisory

BDO’s Risk Advisory team helps to manage risk and achieve strategic business objectives supported by robust internal control systems. This includes a range of services from conducting risk assessments, developing anti-fraud strategies and carrying out investigations to designing tailored corporate governance practices. We can help with:

  • Internal audit
  • Information technology
  • Corporate governance
  • Risk management
  • Fraud, risk and investigations.