This includes sessions from the conference: Conference on Credit Unions 2019
Identification: CU1901
Credit unions' impact on markets and members has increased significantly over the past decade, but the environment is changing. New competitors, a changing economic environment and rising consumer expectations are just a few of the challenges ahead. How can credit unions continue their momentum in the coming years?
Speaker(s):Identification: CU1904
Housing is expected to provide an economic cushion to the overall economy.
Identification: CU19201
Audited financials are critical today, especially for the credit union-CPA firm-regulator ecosystem. In an era of increasing fraud and cyber-risk, how these sensitive documents are exchanged and delivered has never been more important.
Join us for a discussion of audit report delivery evolution and an up-close look at RIVIO Clearinghouse, the online platform designed to meet the need for accurate, source-verified financial information exchange between CPA firms, credit unions (and other private businesses), and third party users of audited financial and other types of financial documents.
During the session, we will share an overview of the RIVIO workflow for CPA Firms, Credit Unions and NCUA Examiners, and discuss:
Identification: CU1905
The session will provide an update on priorities for the NCUA and emerging issues for the credit union and financial services industry.
Speaker(s):Identification: CU1907
The AICPA Chief Auditor will discuss recently issued standards for audits (SASs) and attestation engagements (SSAEs). The discussion will also include the ASB’s active agendas including ongoing efforts to enhance the standard setters’ outreach to stakeholders regarding proposed standards and post-implementation reviews of issued standards.
This session will feature a discussion of the current status of the ASB’s projects to:
a) Revise and expand the auditor’s report,
b) Enhance auditor attention on financial statement disclosures as part of the risk assessment process and throughout the audit,
c) Revise the attestation standards to enable a practitioner to perform an examination, review, or agreed-upon procedures engagement without having to request a written assertion from the responsible party,
d) Revise the auditor’s performance and reporting responsibilities with respect to ERISA audits,
e) Explore potential changes to the audit evidence standard; and convergence efforts on estimates and auditor risk assessment.
Identification: CU1908
Overview of the strategic implications of a credit union acquiring a bank as well as the strategic implications of a bank selling to a credit union including lessons learned from closed transactions.
Speaker(s):Identification: CU1909
In this session we discuss the current state of regulatory compliance for credit unions. We are in the beginning stages of a significant transition for the primary rule maker for credit unions - the CFPB. We explore how this impacts credit union compliance efforts and the fallout for boots-on-the-ground examinations. We will point out several compliance areas examiners are focusing on and how credit unions can best position themselves to have successful exams. We also tackle compliance issues that are targets for lawsuits and enforcement actions.
Speaker(s):Identification: CU1910
Speaker(s):Identification: CU1911
This program focuses on identifying, analyzing and accounting for lease agreements in compliance with the new lease standard ASC 842. It also provides helpful hints, lessons learned and industry tips on navigating the nuances of the new lease standard as it applies to credit unions.
At the end of this session, attendees will be able to:
Speaker(s):Identification: CU1912
This session will focus on the origins of liquidity risk and stress for financial institutions, knowing liquidity sources and uses, and provide some guidance on liquidity management into the future.
Speaker(s):