Initial Conversation
We begin by learning about your credit union.
We discuss your organization, previous audit findings, current concerns, upcoming regulatory or operational changes, and the services you are considering.
From audit to action
A Practical Approach to Credit Union Auditing
We believe an effective audit process should be organized, professional, independent, and understandable.
What working together looks like
From the first conversation
to practical action.
A clear scope and open communication keep the engagement useful at every stage.
Understand The Risk
We consider the credit union’s size, operations, products, services, staffing, systems, and areas of concern.
This helps establish an appropriate scope for the engagement.
Plan The Engagement
We establish the scope, procedures, timing, information requirements, and expectations for the engagement.
Perform Fieldwork
Our auditors perform the agreed-upon audit or review procedures and examine supporting documentation.
Where appropriate, we expand procedures when issues or risks warrant additional attention.
Communicate Findings
We discuss significant findings and provide management with an opportunity to provide additional information or clarification.
Report Results
Our reports are designed to clearly communicate:
What we found. Why it matters. What risk may exist. What management should consider doing.
Support The Next Step
After the audit, we want management and the Supervisory Committee to understand the findings and recommendations.
Our objective is to help turn audit observations into practical corrective action.
A clearer path forward
Let’s start the conversation.
Tell us what your credit union needs. We’ll start there.