Audit
Does your accounting firm understand the credit union industry well enough to focus your audit on the areas of greatest risk? LarsonAllen’s credit union auditors will assess your risk, offer solid recommendations for improvement, and provide insights far beyond your numbers.
Your challenges
- Finding a fully engaged audit team that understands the audit process and the credit union industry
- Understanding the impact of new accounting pronouncements and industry trends
- Value beyond a delivered financial statement and a boilerplate management letter
- Receiving timely audited financial statements in a meaningful format
- High turnover in an audit team
- The internal cost associated with transitioning to a new accounting firm
Some of the credit union audit tools
- Development and maintenance of a quality control system
- Auditors who possess a deep understanding of the credit union industry
- Principals and managers who invest up to 30 percent of the total engagement hours
- Internal controls assessment
- Paperless audit technology
- Proactive communication throughout the year
- A timetable that includes the extra time to develop relationships with your team, which is our investment in you
Our approach
We bring quality and integrity to our credit union audits. We focus on the areas of your organization that have the greatest risk potential: internal control issues; accuracy and efficiencies; qualitative recommendations; and new accounting standards, regulations, laws, and trends. Through an approach based on frequent and timely communication, we are able to resolve complex issues and mitigate year-end surprises.
Our auditors spend 100 percent of their time serving credit union clients, giving us a deep understanding of the industry—from a financial, operational, and strategic standpoint. Working with us means you’ll be working with people who, like you, have chosen the credit union industry as their lifelong profession.
Contact us for more information.