Clear Scope
We communicate the areas to be reviewed and the expected procedures before fieldwork begins.
For Supervisory Committees
Your Supervisory Committee has an important responsibility.
FSG MISSISSIPPI LLC can help you fulfill it.
Independent oversight
Protecting your credit union.
Supporting your committee.
Supervisory Committees play an important role in providing oversight and helping protect the interests of the credit union and its members.
NCUA guidance identifies responsibilities involving financial reporting, internal controls, safeguarding assets, policies and procedures, fraud prevention, audits, and member account verification.
FSG MISSISSIPPI LLC provides independent audit services designed to support Supervisory Committees in carrying out these responsibilities.
What to expect
A clear scope.
An independent perspective.
Professional work, understandable findings, and communication throughout the engagement.
Independent Review
Our auditors provide an independent perspective on the areas included within the engagement.
Professional Documentation
Audit procedures and supporting documentation are maintained in accordance with the nature and scope of the engagement.
Clear Findings
When exceptions are identified, we explain what we found and why it matters.
Practical Recommendations
Our recommendations are designed to help management and the Supervisory Committee understand what corrective action may be appropriate.
Communication
We encourage open communication throughout the engagement and provide an opportunity to discuss significant findings.
Before your engagement
Questions to ask
your auditor.
Before engaging an auditor, Supervisory Committees should understand:
- What type of engagement is being performed?
- What areas will be reviewed?
- What procedures will be performed?
- How will the audit address the credit union’s risk profile?
- What documentation will be requested?
- How will findings be communicated?
- What will the final report contain?
- What follow-up is available after the report?
FSG MISSISSIPPI LLC welcomes these conversations.
The goal
More than compliance.
A good audit should help the Supervisory Committee understand the credit union’s operations and risks.
Our goal is to provide information that helps the Committee ask better questions, understand significant issues, and support appropriate corrective action.
A clearer path forward
Let’s start the conversation.
Tell us what your credit union needs. We’ll start there.