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Supervisory Committee Agreed-Upon Procedures

Supervisory Committee Agreed-Upon Procedures

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A supervisory committee agreed-upon procedure engagement can be an alternative to an opinion audit. It satisfies the Supervisory Committee’s audit requirements in NCUA Rules and Regulations, part 715.7, and helps you establish internal controls to:

  • Safeguard assets
  • Make sure records and reports are prepared promptly and accurately
  • Assure policies are being administered properly

When the engagement is complete, we provide you with a detailed written report that includes our findings on how to improve your credit union's strength, earnings and future growth.