NAFCU's Internal Auditing Manual for Credit Unions

Author: Aksel G. Pedersen
Format/Frequency of Update: 3-Ring Binder, CD/ 3 updates annually
Price: $499
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The Only Complete, Systematic Guide to Internal Audit Just for Credit Unions

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® NAFCU's Internal Auditing Manual for Credit Unions puts everything you need in one easy-to-use resource:

How to set up an Audit Department
Development of an Audit Program
Detailed Audit Programs you can customize to your credit union
How to write an Audit Report
Sample reports
Sample work papers, and more.

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.

Guidance from a Hands-On Expert.

Aksel G. Pedersen has been vice president, Internal Audit/Compliance, for Los Angeles Federal Credit Union since 1994 and has served in internal auditing positions for financial institutions since 1978. Mr. Pedersen is also a certified fraud examiner, a certified financial services auditor, and a graduate, with high honors, of the National Credit Union Institute. Mr. Pedersen is a frequent lecturer regarding internal auditing and is often called upon to assist other credit unions in developing, updating, and refining their internal audit programs.

NAFCU is known for helping its members understand compliance matters. Sheshunoff has been a leader in compliance publications for financial institutions since 1973 and also publishes Sheshunoff® NAFCU's Policies and Procedures for Credit Unions, Sheshunoff® NAFCU's Compliance Guide for Credit Unions, Sheshunoff® NAFCU's Investment Manual, Sheshunoff® NAFCU's Self-Paced Loan Documentation Training Manual , and many other publications just for credit unions.

Just call 1-800-456-2340, or click above to order, to get your copy.