Supervisory Committee Audits: Best Practices

Presenter: Tim Harrington, CPA, TEAM Resources
Date: Wednesday, August 8, 2012
Time: 2:00 - 3:30 pm Central

Focus:
The Supervisory Committee has a very important role.  When credit unions fail, a common weakness has often been a weak Supervisory Committee.  This committee’s key role is to coordinate and manage the audit process.  This webinar will help Supervisory Committee members understand how to find the right audit firm; how to monitor, manage and evaluate the audit process; and audit steps the committee members can perform to assist in the audit process.

What You Will Learn

  • What kind of annual audit does your credit union need given the Rules and Regulations?
  • The role of the Supervisory Committee under Regulation 715
  • What the Supervisory Committee should look for when selecting an outside audit firm
  • Request for Proposal checklist for an outside audit firm
  • Checklist for interviewing and evaluating the outside audit firm after conclusion of the audit
  • Audit steps your committee can perform to assist in the audit process

Who Should Sign Up?
This informative session is designed for Supervisory Committee members, internal auditors, board members, senior management, and other staff who interact with CPAs and outside audit firms.

About the Presenter:
Tim Harrington is a Certified Public Accountant who specializes in working with community financial institutions.  Since 1996, Tim has been President of TEAM Resources, a firm which provides consulting, strategic planning, and training from coast-to-coast. 

A presenter at over 1,000 financial conferences, seminars, and webinars, Tim has provided consulting and training for hundreds of community financial institutions in nearly every state and four countries.  Tim advises boards and senior management teams on strategy, profitability, and governance and works with staff on leadership and lending.  In addition, he is a faculty member of three financial institution schools and is the author of the popular lending software “Lenders Tax Analyzer” and has taught lending personnel how to obtain monthly income from tax returns since 1992.

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