Identification: CU1921
Although the Supervisory Committee Guide Audit (more commonly known to CPAs as an Agreed-Upon Procedures (AUP) engagement) is by far the most common engagement obtained by credit unions under $500 million in assets, it is neither an audit nor a process that heavily involves the Supervisory Committee. In fact, despite the current pre-determined procedures as outlined in the 1999 Supervisory Committee Guide, there is more confusion and inconsistency in these “audits” than any other process being used. Join this session as we cover the new rules, the confusion, and what is being done to improve this vital component of the credit union audit requirement through the revised regulation and scope of minimum procedures.
Identification: CU1922
Come join us to learn about the types of benefit plans credit unions can utilize to attract and retain quality executives. We will discuss the accounting treatment for each type of plan and review the call report requirements for each plan. We will also address the 990 reporting for plans and the impact of the new excise tax.
Identification: CU1923
To pursue optimal performance, credit unions should seek to manage risk exposures so that, at any given time, they incur just enough of the right kinds of risk to effectively pursue strategic goals. However, credit unions often struggle with the risk/value proposition. In this session, we will explore a new way to think about risk management and will show how the process can and should be used to create value for any organization.