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Event Details

Event Name:NCUA Supervisory Committee Audits and Verifications
Date:January 6, 2020
Start Time:All Day Event
Duration:1 day
Description:

The NCUA revised their rules governing the responsibilities of federally insured credit unions to obtain an annual supervisory committee audit.  The NCUA is replacing the Supervisory Committee Guide with an Appendix that will be located in NCUA regulations Part 715.  The new rules also eliminate two audit options (for credit unions under $500 million in assets as an alternative to a financial statement audit), including the Report on Examination of Internal Controls Over Call Reporting and the Balance Sheet Audit. 

 


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