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Understanding Your Credit Union’s Audit Report

Jun 07 2:00 PM - Jun 07, 2022 3:30 PM
Jun 07, 2022 2:00 PM - 3:30 PM
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Your credit union’s financial audit can be a powerful tool – if you know what all those numbers mean. Rather than spend hours poring over every nuance, wouldn't it be better to have an efficient strategy for audit review to glean the most important information and be able to implement required – or desired – changes? This no-nonsense webinar is a step in the right direction!

Learning Objectives

  • Understand audit basics – from internal to external and beyond
  • Appreciate elements of an audit report
  • Interpret significant audit findings
  • Use audit findings more effectively
  • Avoid common audit mistakes

Credit unions operate in a highly technical environment, and the complexity of their financial reporting cannot be overstated. Audit reports provide management, boards, and supervisory committees with key decision-making information. Auditing is the process of examining an organization’s financial records to determine if they are accurate and in accordance with all applicable rules, regulations, and laws. While the primary information originates from the management team, audits conducted by outside providers are essential for confirmation that things are as they should be.

But what use is a great audit if you don’t know how to interpret its results and implement its recommendations? Join credit union attorney and supervisory committee member, David Reed, as he breaks down the audit process and provides technical requirements and practical guidance on interpreting audit results.



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

Attorney, author, consultant, and nationally recognized trainer, 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. 




Your registration includes unlimited locations, making it easier to share and learn with remote staff.

Please note: You may share the link with others at your credit union, however the confirmation will be sent to one primary contact at your credit union. It will be up to the primary contact to share the material with others.

Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Executive Management
  • Compliance