Credit Unions

We help you stay in compliance with audit requirements.

Staying compliant in all these areas can be overwhelming to the credit union's board of directors and supervisory committees.  We are here and committed to help you stay in compliance so you can better serve your members.  Our credit union industry audit team has more than 50 years combined credit union auditing experience and we stay at the forefront of industry developments by regularly attending the national AICPA Conference on Credit Unions.  The following are some of the credit union industry services we offer:

Financial Statement Opinion Audits

Supervisory committee (agreed upon procedures) (audits)

Membership verifications

BSA/OFAC compliance (agreed upon procedures)

SAFE Act compliance (agreed upon procedures)

Internal auditing services

990 Tax return preparation

Consulting/accounting services

Supervisory committee financial literacy training

 
 

Financial Statement Opinion Audits

We conduct our audits in accordance with generally accepted accounting principles (GAAP).
In addition to our audit report and other required communications, clients receive a full findings and recommendations letter. This helps them to better understand some of our audit procedures as well as recognize areas that have room for internal control improvements within the credit union.


Supervisory Committee Agreed Upon Procedures and Membership Verifications

We conduct annual supervisory committee agreed upon procedures and biennial membership verifications. This helps supervisory committees fulfill their responsibility for ensuring that the federal credit union complies with NCUA Regulation Part 715 - Supervisory Committee Audits and Verifications.  


BSA/OFAC Compliance Agreed Upon Procedures

We have been helping credit unions stay in compliance with the BSA/OFAC requirements as well as better their BSA/OFAC compliance programs since the independent testing requirement was instituted. 


SAFE Act Compliance Agreed Upon Procedures
 

We have been helping credit unions stay in compliance with the SAFE Act requirements as well as better their SAFE Act compliance programs since the changes in the mortgage lending industry took place and the independent testing requirement was instituted.


Internal Auditing Services


We understand most credit unions are not large enough to have a full-time internal auditor on staff and we understand the importance and benefit to the credit union that an internal auditor can have.  We can step in and create an internal audit program that will work for both your budget and internal auditing needs.


990 Tax Return Preparation

We understand that tax returns are not your specialty, serving your membership is.  Let our credit union and tax experts help you stay in compliance with the IRS by preparing the required 990 and 990-T returns for you, so you can focus on serving your membership.