Our accounting and auditing practice focuses on providing credit unions with auditing and business consulting services that are innovative, efficient, and most importantly, responsive to our clients' needs. Our firm is a member of the American Institute of Certified Public Accountants and the Pennsylvania Institute of Certified Public Accountants, and our accountants are required to attend continuing education seminars and workshops to keep up to date with ever-changing regulations. Our professionals provide year-round accounting and auditing advice, as well as periodic updates of the latest NCUA regulations. Our certified public accountants provide a full range of services specifically tailored for credit unions.
- Opinion Audits
- Supervisory Committee Audits
- Minimum Procedures Audits
- Internal Audits
- Automated Clearing House Audits ACH Brochure
- Fraud Audits
- FNMA Quality Control Reviews FNMA Brochure
- Information Technology Audits
Bank Secrecy Act Audits
- Fixed Asset Consulting
- General Ledger Consulting
- Management Consulting
- Policy Reviews
- Retirement Plans
Your audit will be tailored to your credit union and performed in accordance with generally accepted auditing standards. Our Opinion Audits satisfy the annual audit requirements for both state and federally chartered credit unions. You will receive a comprehensive audit report together with Financial Statements and Notes to the Financial Statements, as well as recommendations to improve your credit union's operations and internal controls to safeguard credit union assets.
Supervisory Committee Audits
You will receive a comprehensive audit of your credit union's operations meeting NCUA regulations.
Minimum Procedures Audits
We recognize that annual audit fees are often an area where small credit unions are interested in reducing costs without sacrificing quality. We can perform our Minimum Procedures Audit which meets NCUA requirements for your annual audit.
You will receive ongoing internal auditing of the credit union's key operations tailored to your credit union. This value-added service will provide the convenience of an internal audit department at a fraction of the cost.
Automated Clearing House Audits ACH Brochure
NACHA requires credit unions to have an ACH Audit each year. Our firm has performed ACH Audits for more than 15 years so we have the experience necessary to perform a comprehensive and efficient audit at an affordable price.
Our office has performed numerous credit union fraud audits ranging from misappropriation of credit union funds to fictitious loan granting to mysterious cash disappearances. Discovering fraud is only the first step. We specialize in validating the fraudulent activity and presenting the loss to the credit union's fidelity bond insurance company. This allows the credit union to recover all losses from their fidelity bond carrier.
FNMA Quality Control Reviews FNMA Brochure
We can show you how you can originate Federal National Mortgage Association (FNMA) compliant mortgages through a third-party to dramatically increase your loan portfolio. Our compliance experts will help you establish a FNMA Quality Assurance Program and will perform the review of those mortgages for a fraction of the cost of in-house quality control.
Information Technology Audits
Member information and privacy is and should always be a major concern of every credit union. Do you know how secure your member information is? We can provide internal and external testing of your Information Security Systems and summarize our findings in a report to your credit union.
Bank Secrecy Act Audits
The Bank Secrecy Act requires every credit union’s BSA Compliance Program to be independently reviewed year. Additionally, all employees who handle member transactions as well as all Board members are required to attend BSA training annually. Please follow the link above for more information on the Bank Secrecy Act Audit requirements and the BSA Training Program we can tailor to your credit union.
Fixed Asset Consulting
We have assisted credit unions in the review and analysis of Fixed Asset Classifications, asset lives, salvage values, and depreciation schedules. These engagements assist the credit union in accurately accounting for their fixed assets.
General Ledger Consulting
Our office is available to assist the credit union in performing general ledger account reconciliations on a monthly, quarterly, semi-annual, or even annual basis. We are also available to prepare bank reconciliations on the credit union's corporate checking accounts on a monthly basis. Often times these services are provided in conjunction with our Fraud Audits.
We will help you develop strategies to expand your business, increase your profitability, and run your credit union more efficiently utilizing today's technology.
Our human resources professional will review your credit union's personnel policies and handbooks for compliance with state and federal regulations.
Retirement Plans / Executive Compensation Plans
We will review your credit union's current retirement programs and help you establish 401(k) and/or profit sharing plans that are tailored to your credit union needs. We can assist your credit union in establishing executive defined compensation plans.