Photo of Charlie Shannon
Charlie Shannon
Principal
CPA
charlie.shannon@mossadams.com
(214) 242-7452

Industry Expertise

Financial Services Technology

Practice Focus

Accounting for Income Taxes (ASC 740) Contract Compliance Financial Statement Audits Internal Audit IPO Solutions Performance Audits Process & Internal Controls Public Company Audits Reviews & Compilations SOX 404 Compliance Stock Option Planning Succession Planning Transactions Advisory

Biography

Charlie has a combined 20 years of private and public accounting experience. He specializes in providing auditing, compliance, and consulting services to both public and privately held companies in the financial services industry, including community banks, leasing companies, mortgage banks, and other financial institutions. Charlie’s experience includes mergers and acquisitions, initial public offerings, compliance with HUD, and FDICIA. He routinely consults with his clients on complex accounting matters, regulatory compliance, and enterprise risk management.

Charlie is a frequent author and speaker for the firm’s financial services industry conference as well as state and national trade associations, including Western Independent Bankers and the Equipment Leasing and Finance Association.

External Publications

  • How Alternative Finance Is Changing the Lending Landscape (Equipment Leasing & Finance Magazine, September/October 2015)
  • Proposed US GAAP Modifications for Private Companies (Equipment Leasing & Finance Magazine, January/February 2014)
  • How Much Is Enough? Why Banks Are Readjusting Their Capital Levels (Western Independent Bankers CFO & Finance Digest, February 2013)
  • Purchased Loan Participations: Recipe for Growth or Disaster? (Western Independent Bankers Lending & Credit Digest, January 2013)
  • Credit Cards: Should They Be in Your Portfolio? (Western Independent Bankers Lending & Credit Digest, October 2012)
  • How Much Is Enough? Capitalization in the Age of Slow Loan Growth (Western Independent Banker, September 2012)
  • Are Qualitative Factors on the Rise in the ALLR? (Western Independent Bankers Lending & Credit Digest, July 2012)
  • Opportunities for Loan Growth in Commercial Equipment Leasing and Finance (Western Independent Bankers Lending & Credit Digest, April 2012)

Professional Affiliations

  • Member, American Institute of Certified Public Accountants
  • Member, Washington Society of Certified Public Accountants
  • Member, Equipment Leasing and Finance Association’s Financial Accounting Committee
  • Member, Texas Society of Certified Public Accountants

Education

  • BBA, accounting, Delta State University

Insights from Charlie Shannon

Special Report
Building on Its History, Dallas Plots a Course for the Future
The city has a lot going for it: A diverse economy, business-first culture, booming real estate activity, and a reimagined downtown to start. Hear from our professionals in Dallas and outside contributors on how the growing city is leveraging its strengths to forge a more expansive path.
Special Report
Article
How Will the New Lease Accounting Standard Impact Loan Covenants?
Learn how new accounting for leases will affect company’s financial statements, loan agreements, and debt covenants.
Article
Article
Top 10 Financial Reporting Deficiencies from Regulators and External Auditors
Deficiencies can bring the audit or compliance process to a standstill and create tension among management, the audit committee, and external stakeholders. Fortunately, many of the most common deficiencies—we’ve identified 10—can be avoided.
Article
Article
Reporting and Accounting Update for Financial Institutions
Amid a whirlwind of projects by the FASB and the SEC and corresponding guidance provided by banking regulators, keeping up can be a challenge—let alone deciding which decisions are right for your bank. We look at some of the major areas of change in this Insight.
Article

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