Internal Operations Review
Supervisory Committee members are being asked to perform an ever-increasing number of duties. Changes in regulations and operational procedures make the duties of a Supervisory Committee increasingly complex. A lack of time and technical expertise can hinder a sound internal control environment for your credit union.
Working with your credit union’s Supervisory Committee and management, Audit Services offers an in-depth review of your credit union’s internal operations. A confidential report of conclusions and recommendations is prepared and delivered to the Supervisory Committee or management, depending on the type of service performed.
Audit Services recommends a quarterly review, typically spending four days a week at the credit union.
An Internal Operations Review can be tailored to accommodate the special needs and/or requests of your credit union, such as completing a risk assessment or management change.