If your credit union struggles to keep up with increasing audit demands, you're not alone. Unfortunately, credit union auditors rarely have the resources to fix every problem at once. It’s key to prioritize changes that have the potential to yield the biggest impact.
Fortunately, because so many auditors have experienced increased demands with limited resources, we've discovered an easy rubric with which to identify which improvements to prioritize.
Read ton to see how to find, prioritize, and address issues, improving your audit efficiency despite limited resources.
Credit union growth brings always brings new problems—or exacerbates existing ones. There's one common culprit for both:
Audit departments aren’t growing as quickly as their increase in new responsibilities. There isn’t enough time or staff to complete their audit plans or respond to findings. Consequently, credit unions face bigger problems.
Helping credit union audit programs succeed is our mission at Redboard. We’ve developed checklists, worksheets, and more to help auditors increase their bandwidth.
Now, Redboard has teamed up with The Audit Library to save credit union auditors’ time and make their lives easier.
Read on to learn more about each company and how they support credit union, internal audit professionals. Or, follow this link to learn more and request a demo.
Redboard is proud to speak at two upcoming credit union audit conferences. Both are quality events with great lessons for credit union auditors and supervisory committees alike.
Credit union internal audit programs accomplish a lot with relatively few resources. At Redboard, we want to ensure your audit team has a clear path to success.
For most credit unions, repeat findings are an unfortunate but occasional occurrence. Sometimes, the corrective action you took on non-conforming findings didn’t stick. And sometimes, findings take longer to address, or an item gets missed on a spreadsheet, or an email gets buried in an inbox…
As a credit union auditor, you (and your team) are experienced and dedicated experts. But you rely on other business areas to assist, support, and complete audit tasks.
Each year, the NCUA sends out their list of supervisory priorities for the year. Credit unions preparing for their exams can reference the letter to focus on specific areas.
Making a decision to try something new in your work life can be scary. You’re always looking to make improvements and do things better, but at the same time you don’t want to make a mistake. This goes double for anything audit or compliance related.
Get FREE Access to the Audit Checklist for Credit Unions!
