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Challenges Facing Audit Committees

Mar 11 2:00 PM - Mar 11, 2020 3:30 PM
Mar 11, 2020 2:00 PM - 3:30 PM

Is your audit committee fully functional and adequately safeguarding member assets? Learn the characteristics of a healthy committee and how to meet today’s challenges and regulatory obligations.

Learning Objectives

  • Understand the audit committee’s regulatory responsibilities
  • Recognize NCUA’s supervisory priorities for 2020
  • Access audit committee examination guidance
  • Detect and avoid common landmines
  • Enumerate five traits of an outstanding committee

The audit committee (SC) plays a unique role as the “watch dog” for credit union members. But the financial services world is getting more complex every day and new challenges are waiting around every corner. Emerging technologies, new regulations, and member expectations are increasing the pressure on volunteers and managers to guide the credit union through murky waters. The SC is specifically tasked with confirming the credit union is safeguarding member assets, complying with applicable rules and regulations, and resolving member complaints. Your membership relies on your training, experience, and keen eye to protect their interests. But what happens when something goes wrong? Is your committee structured to stay ahead of an approaching storm? This webinar, conducted by an audit committee member and veteran CU attorney, will explore the traits of healthy committees, today’s biggest challenges, and how to ensure full compliance with regulatory obligations. 



David A. Reed, JD, Reed & Jolly, PLLC

Attorney, author, consultant, and nationally-recognized speaker, David Reed is a partner in the law firm of Reed & Jolly, PLLC. He provides guidance to financial institutions on establishment and revision of policies and procedures, organizational compliance,collections, security, contractual agreements, regulatory matters, and corporate governance. His engaging speaking style has made him a nationwide lecturer on regulatory compliance, consumer lending, bankruptcy and collections. A former trial attorney and vice president and general counsel of a large regional financial institution, David is also a Certified Fraud Examiner. He is particularly known as an expert in the areas of operations, bankruptcy, and collections. He has trained state and federal examination staff on numerous issues, including BSA, ID theft red flags, SAFE Act, third party contract management, and bankruptcy. 




Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Executive Management
  • Compliance
  • Board Governance