In this section of TAP, the examiner familiarizes him or herself with the data and evaluates the accuracy and reasonableness of the data. This complex evaluation of the examination data requires examiners to use their professional judgment.
Imported data automatically carries forward to the Financial History, Key Ratios, and various investment, loan, and share reports. Examiners also verify the integrity of Call Report data during the examination and/or supervision process to ensure that examination workpapers and the FPR are accurate.
If an examiner finds an error on a Call Report, correct the data by requiring the credit union to upload a corrected Call Report. If the change is material in nature, the examiner may also require the credit union to restate the appropriate financial statements.
If a credit union is unable or unwilling to upload a corrected Call Report, the examiner can upload the report on behalf of the credit union.
Last updated November 02, 2021
