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Speaker: Kathy Smith
You'll start with an overview about credit unions and how they're different from other financial institutions. We'll discuss the regulatory environment, structure, trade associations and credit union operations.
Speaker: Sue Landauer
This session provides the definition of internal auditing and reviews the standards under the Institute of Internal Auditing (IIA). Specific roles and responsibilities will be discussed, as well as the appropriate reporting structure.
This session provides an overview of the types of internal controls, the control framework, risk vocabulary/concepts and introduces risk assessment techniques.
Speaker: John Gallagher
In this session, you'll examine the many roles of internal auditors. We'll emphasize how internal audit must remain independent.
We'll take you through the risk assessment process and how this information can be used to develop a risk-based internal audit plan.
Speaker: Ana Foret
In this session, you'll walk through the many components of an internal audit plan engagement. Steps to be covered include planning, testing, work paper completion and reporting.
This session covers the written communications to be prepared by internal auditors. We will outline the who, what, when, and where. In addition we will discuss audit finding tracking and remediation actions.
Understand the major types of fraud in the financial services industry, as well as the audit methodologies that assist in fraud detection. We will discuss the techniques to use when conducting an actual fraud investigation, as well as reporting responsibilities.
This session covers key regulatory issues that auditors must be aware of in the credit union industry. We will also discuss the incorporation of compliance into your audit programs.
You'll walk through a 5300 call report, learn about the unique aspects of credit union accounting and discuss the allowances for loan and lease losses accounting. We will cover the audit steps necessary to review credit union finances, including reconciliations of general ledger accounts, budgeting and forecasting.
Speaker: Laura Faulkner
This session will provide a general overview of the IT security environment for credit union operations. We'll cover cybersecurity, vendor due diligence and third-party contract management.
We will cover the types of permissible investments for credit unions, as well as the generally accepted accounting principles for these assets. We will discuss liquidity risk and the necessary audit steps to ensure that investments have been adequately audited.
Learn about the types of permissible loans for credit unions. Included in this session will be audit program steps to perform for auditing loans, as well as documentation commonly used in the credit union industry.
This session wraps up the remaining areas that internal auditors need to be familiar with when defining the audit universe and conducting an annual audit schedule.
At the end of each day, we'll review the key concepts and provide an opportunity for you to get your questions answered.
Champion For the Credit Union Movement
Credit Union National Association is the most influential financial services trade association and the only national association that advocates on behalf of all of America's credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.
Credit Union National Association
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