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Internal audits protect your credit union and its members from internal and external risks. Everything from fraud to compliance needs to be checked. That's why the NCUA is putting more emphasis on organized, effective, tested internal controls.
Now you can do your credit union's internal audits by the book and be sure you're covering it all. The Sheshunoff® Internal Auditing Manual for Credit Unions puts everything you need in one easy-to-use resource:
Each audit program is presented with an overview section to introduce and explain the major components of the audit, followed by detailed checklists and a questionnaire to help gather necessary information before the audit. The manual is loose-leaf, so it's easy to distribute the sections you need. Or, use the CD version you'll receive upon payment to tailor and print the checklists and questionnaires as you need them.
The manual also helps you identify and address areas of risk before they become a problem. Periodic updates help your audits stay current with the latest risk and compliance issues. We even show you how to test your internal controls and document their effectiveness for your next exam.
Lorraine Hyde is a financial institution consultant who provides regulatory compliance advice to community banks, thrifts, and credit unions. She has over 20 years of general banking experience, 15 years of regulatory compliance consulting experience, and has worked in various capacities for a large regional bank, the FDIC, and a national accounting firm. Ms. Hyde is a contributing author to several Sheshunoff compliance tools. See all works by Ms. Hyde