Internal Audit – Specialized Services

The complexity of the regulatory world of credit unions is ever increasing. The introduction of the new Credit Unions and Caisses Populaires Act and Regulations and the ever increasing DICO regulatory guidance have placed tremendous pressure on boards and audit committees to provide appropriate oversight and governance to their credit union. These new requirements create an ever increasing need to have a skilled and knowledgeable internal auditor who can work for the board and the audit committee to provide insight and reporting to assist in meeting these ever increasing regulations, while at the same time providing credit union expertise and knowledge that can also help improve controls and operations in general. Our internal audit plans are tailored directly to meet your needs (i.e. monthly, quarterly, annually) with specific audit procedures addressing the most important issues that face your credit union.

Some of the specialized internal audit services over and above the traditional internal audit work on operational controls and policies include the following:

Mock Fintrac Audit
Mock CRIMS Audit
Assistance with respect to Credit Union Policies
Assistance with respect to improving DICO Risk Weightings