Conference on Credit Unions 2019

Oct 21, 2019 ‐ Oct 23, 2019


Yes, calendar year-end credit unions have until the proposed effective date of Jan. 1, 2023 to adopt CECL. However, that does not mean you should delay your implementation activities. Through these sessions and more, we'll show you the path to success.

  • Cybersecurity
  • Liquidity Risk Management
  • Understanding Executive Benefits
  • Predictive Analytics

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association’s website, educational materials, products, and services. The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association’s Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately. 


Sessions

Supervisory Committee Audit Guide Revisions - Finish Line in Sight

Oct 23, 2019 11:10am ‐ Oct 23, 2019 12:25pm

Identification: CU1921

Operation Minutes : 75

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.

Learning Objectives:
  • Types of Audits Credit Unions can have performed
  • Changes to regulation 715
  • A look at the newly proposed scope of minimum procedures
Speaker(s):
Standard: $49.00

Insights into Executive Benefits

Oct 23, 2019 11:10am ‐ Oct 23, 2019 12:25pm

Identification: CU1922

Operation Minutes : 75

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.

Learning Objectives:
  • To learn about the different types of benefit plans.
  • To learn how to account for the different types of plans.
Speaker(s):
  • Jennifer Hoskins, CPA, Managing Director, Nearman, Maynard, Vallez CPAs & Consultants, P.A.
  • Jeff Ziliani, CPA, Chief Financial Officer, Executive Benefits, BFB-Gallagher
Standard: $49.00

Taking the Right Kind of RiskTaking the Right Kind of Risk

Preview Available

Taking the Right Kind of Risk

Oct 23, 2019 11:10am ‐ Oct 23, 2019 12:25pm

Identification: CU1923

Operation Minutes : 75

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.

Learning Objectives:
  • Learn about how risk management can be used to create value.
  • Understand how effective risk scoring can be used to facilitate the risk management process.
Speaker(s):
  • Bart Smith, Managing Director, Performance Trust Capital Partners, LLC
Standard: $49.00
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