9:00 am – 10:30 am HST
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET
What’s involved in auditing financial statements? What do auditors consider and how do they use the Call Report? This session will cover a lot of ground, starting with an independent auditor’s objective and concluding with a better understanding of how audit reports are created. Topics will include:
- How audit risks are assessed and how internal controls are evaluated
- Audit tools and required communications
- Use of Call Reports by external audit firms
- Best practices when dealing with auditors
Attendance certificate provided to self-report CE credits.
- Knowing the independent auditors’ objective
- Fraud risks and fraud statistics
- Consideration of information technology and internal control testing
- Evaluating the work of internal audit
- Using data analytics to your advantage
- Identifying key Call Report information used by your independent auditor to evaluate risk, design audit procedures, and determine the price of your credit union’s audit
- TAKE-AWAY TOOLKIT
- Important links to the 2018 Association of Certified Fraud Examiners’ (ACFE) Report to the Nations, EY’s The Role of Data Analytics in Fraud Prevention, and NCUA’s Credit Union Online website, including upcoming cycle due dates, FAQs, forms, instructions, and Call Report access
- Employee training log
- NEW – Interactive quiz
WHO SHOULD ATTEND?
This informative session is designed for credit union internal auditors, management, and volunteers who want a better understanding of the financial statement audit process, including how Call Reports are used by your independent auditor.
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.