NACUSAC Webinars


FREE for NACUSAC Members! (Non-Members pay $139 to participate)

NACUSAC offers dial-in webinars each year--a cost-effective training opportunity without the hassle and expense of traveling. Just dial a toll-free number and learn more about topics like fraud, audit issues and new regulations. You can participate from anywhere and even listen as a group for the same fee.  Participation can be applied toward completion of NACUSAC University required courses.
Webinars count toward one unit of CPE credits for accounting professionals.

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Fall 2020 Webinar Series

Internal Audit, the Supervisory Committee, and External Audit:
The differences, similarities, and how they need to work
together for the benefit of the Credit Union

Supervisory Committee members and Internal Auditors have an important role to play in the annual financial statement audit cycle. From engaging external auditors, to reviewing the final report and holding an exit meeting, this critical project requires your time and effort. Your internal auditors also have an important role to play. Providing administrative support, setting up interviews, and being a first point of contact for external auditors puts a strain on your team during interim and final fieldwork. In this webinar, we will explain what Supervisory Committee members and Internal Auditors need to know going into financial audit season. We’ll also explore common issues that can come up over the course of the audit, and provide practical advice to make this process seamless and pain free.

Thursday, September 17, 2020

12:00 - 1:00 PM (Pacific)
1:00 - 2:00 PM (Mountain)
2:00 - 3:00 PM (Central)
3:00 - 4:00 PM (Eastern) 

After completing this course, you will be able to:

  • Differentiate each phase of the financial statement audit life cycle and describe the basic objectives
  • Understand the role of Internal Audit and/or the Supervisory Committee in assisting and coordinating with external auditors
  • Appreciate the Supervisory Committee’s unique role and critical responsibilities regarding the financial statement audit
  • Apply practical lessons, advice, and recommendations to ensure a successful and clean audit this year

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Webinar Speakers: 

 
Olivia Whipple, CIA, The Audit Library

Olivia Whipple is an owner and co-founder at The Audit Library. She manages teams to perform assurance consulting engagements, develops risk-based audit plans, and creates custom audit governing documents for credit unions.

Olivia has over fifteen years of financial institution and audit industry experience. She was an Audit Senior at a regional CPA firm, specializing in financial industry clients, prior to transitioning to Internal Audit. Olivia served as the Chief Audit Executive at a credit union with over $1.3 Billion in assets and was responsible for developing audit plans and programs, managing teams, and reporting results. Olivia worked directly with executive management, the Supervisory Committee and the Board of Directors, and implemented many cost and time-saving measures.



John Kaneklides, CIA, The Audit Library

John Kaneklides is an owner and co-founder at The Audit Library. John manages teams to perform assurance consulting engagements, develops risk-based audit plans, and creates custom audit governing documents for credit unions.

In addition to his consulting work, John was an Audit Senior at a $1 Billion credit union and brings first-hand knowledge to benefit his clients. He has worked directly with credit union executive management on various department audit and policy consulting engagements. John assisted in analyzing risks and developing annual audit plans to ensure resources were appropriately allocated. He also served in an advisory capacity on the Board of Directors’ Asset Liability Committee.


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NACUSAC University: Passing a six-question test on the material covered in this seminar satisfies the Audit Plans elective for NACUSAC University. If you are currently enrolled in NACUSAC U, you will receive the exam following the seminar. (NACUSAC University enrollment is open to all supervisory/audit committee members of NACUSAC-member credit unions.)



Get credit for one (1) continuing professional education (CPE) unit for this webinar. No advance preparation or prerequisites are required for this webinar. This is a basic level course in  Specialized Knowledge - Technical field of study granted through the National Association of State Boards of Accountancy (NASBA). This is a group-live offering.

Recommend CPE credit: 1.0 credit
Field of Study:
Specialized Knowledge - Technical 

Additional Information:  Prerequisites: None
Who Should Attend: Supervisory Committee Members, Internal Audit Staff, Credit Union Staff Advanced
Preparation: None 
Program Level: Basic 
Delivery Method: Group Internet Based

Webinar Fees: 
NACUSAC Members: FREE
Non-Members: $139

Refunds, Cancellations and Complaints: No refunds will be granted for cancellation of webinar registrations. However, a credit will be applied to the non-member’s account for one year. For more information regarding refunds, complaints and/or program cancellation policies, please contact Lauren Macauley at lauren@nacusac.org or by calling 1-800-287-5949.

NACUSAC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

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