Workpapers & Resources

Federal Credit Union Act

• § 1761b, Board of directors; meetings; powers and duties; executive committee; membership officers; membership application

• § 1761(c), Compensation

• § 1761d, Supervisory committee; powers and duties; suspension of members; passbook

• § 1786 Termination of insured credit union status; cease and desist orders; removal or suspension from office; procedure

NCUA Regulations

• Part 715, Supervisory Committee Audits and Verifications

• § 715.3, General responsibilities of the Supervisory Committee

• § 715.4, Audit responsibility of the Supervisory Committee

• § 715.5, Audit of Federal credit unions

• § 715.6, Audit of Federally-insured State-chartered credit unions

• § 715.7, Supervisory Committee alternatives to a financial statement audit

• § 715.8, Requirements for verification of accounts and passbooks

• § 715.9, Assistance from outside, compensated person

• § 715.10, Audit report and working paper maintenance and access

• § 715.11, Sanctions for failure to comply with this part

• § 715.12, Statutory audit remedies for Federal credit unions

• Part 715, Appendix A: Supervisory Committee Audit—Minimum Procedures

NCUA Letters to Credit Unions

• NCUA Letter to Credit Unions 14-CU-03, Civil Money Penalties to be Assessed for Late Call Report and Profile Submissions in 2014

• 15-CU-04, Improving the Process for Consumer Complaints

See Also

NSPM

• Unacceptable Audits and Member Account Verifications

• Audit Workpaper Review

• Examination Report

Examiner’s Guide

• Call Report

• Fraud

• Internal Controls

Examination Resources

• SCUEP-Defined Scope Procedures Job Aid

• Supervisory Committee General Responsibilities Job Aid

• SC Audit and Member Account Verification Questionnaire

Instructions & Guides

AICPA

• Code of Professional Conduct

• AU-C § 200, Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance With Generally Accepted Auditing Standards

• AU-C § 700, Forming an Opinion and Reporting on Financial Statements

• AU-C § 705, Modifications to the Opinion in the Independent Auditor’s Report

• AT-C § 105, Concepts Common to All Attestation Engagements

• AT-C § 215, Agreed-Upon Procedures Engagements

• Statement on Standards for Attestation Engagements No. 18, Attestation Standards: Clarification and Recodification

• Clarified Statement on Auditing Standard AU-C § 230, Audit Documentation

Other Entities

• Institute of Internal Auditors

Last updated on October 14, 2022