Supervisory committee audits for credit unions.
Credit union supervisory committees are required to obtain an audit every year. We perform these audits, deliver a clear written report, and work directly with the committee throughout.
Serving Buffalo, Amherst, Western New York and beyond.
Supervisory committees that need an annual audit.
- Credit union supervisory committees
- Boards of directors
- Credit union management teams
What's included
- Annual supervisory committee audit
- Performed each year to satisfy the credit union's audit requirement.
- Verification of member accounts
- Confirmation of member account balances.
- Review of internal controls
- Evaluation of key processes, with practical recommendations.
- Written report
- Findings and recommendations delivered to the supervisory committee.
- Committee communication
- Available to discuss results with the committee and board.
An audit the committee can rely on.
Credit union regulations require the supervisory committee to obtain an audit at least once a year.
We work with the committee to plan the audit, carry it out and deliver a report the committee can present to the board.
Planned with the committee, reported to the committee.
01Plan
We meet with the committee to set the timing and scope of the audit.
02Perform
We carry out the audit procedures, including member account verification.
03Report
We deliver a written report of findings and recommendations.
Common questions
Who engages the auditor?
The supervisory committee engages the auditor and receives the audit report.
When should we schedule the audit?
Plan ahead so the audit is completed within your required period. We schedule audits with each committee in advance every year.
What will the committee receive?
A written report of our findings and recommendations, and the opportunity to discuss the results with us.