CUNA Supervisory Committee & Internal Audit Conference
Topics & Objectives

Please note that the Topics/Objectives listed below are subject to change.

General Sessions

Eisenhower on Enlightened Leadership

Ike Eisenhower, arguably the most important leader from World War II, was not the best military tactician, nor the best speaker, nor the most dynamic personality. Yet he took the Allied Forces that were reeling from defeat and led them to victory over the world’s most powerful military. How did he accomplish all this? By becoming a great LEADER. This session will teach the practical lessons from Eisenhower on Leadership.

Today's Economy and the Risks for Your Credit Union

Hear from one of CUNA’s senior economists about the state of the economy and trends that will affect your credit union. Find out about the state of the mortgage market, and more importantly, find out how these circumstances and forecasts affect your credit union’s risk assessment and management strategies.

Getting Things Done in Groups ... Tools & Techniques to Facilitate Group Thinking

As a supervisory committee member, you find yourself in many group work settings such as your own committee meetings, board meetings, and management-board retreats. In this session, learn tools and techniques you can use to help the groups you’re a part of think together better—and achieve better results.

NCUA Update

Hear from an NCUA official about current administration priorities and hot-button issues. The financial services sector has gone through significant turmoil recently and this is an opportunity to hear directly from the regulators about what is going on and how that may affect your organization.

How Supervisory Committees can Succeed in Today's Tough Regulatory Environment

Take SARs, add some BSA, then a pinch of AML, and before long the supervisory committee is drowning in alphabet soup. Get plain-English descriptions of your changing responsibilities, tools to improve your audit reports, and up-to-the-minute tips on what examiners are looking for.

Breakout Sessions

Due Diligence: Third Party Vendors—Managing the Relationship

In this session learn how to deliver quality products and services to your members, while protecting your credit union’s brand, image, and intellectual property.

Financial Statements: CU vs. For Profit and How to Read Them for What You Need

Designed for supervisory committee members with or without a financial background, the goal of this session is to make financial statements more understandable and useful by comparing them to for profit financials that you may be more familiar with. This is an opportunity to find what is most useful in your credit union’s financial statements.

Knowing the Signs of Fraud

In order for the supervisory committee to effectively perform their job they must keep up with current fraud trends, but they also need to know what signs to look for that will tip off that fraud may be occurring in the organization.

The Risk Based Audit Program

To get the most for your dollars, internal audit work should be prioritized and based on the greater risks facing the credit union. In this session you will learn how to design an internal audit program that focuses internal audit’s efforts on those internal controls that mitigate the credit union’s greater risks.

Due Diligence: Third Party Vendors—Case Studies

Put all that talk into practice by using what you know to explore real world examples. Case studies will include due diligence in selecting your audit firm and due diligence in selecting a vendor for your credit unions ongoing operations. Learn what you and your management should be asking.

The Enterprise Risk Management Approach

In today’s warp-speed business environment, opportunities can vanish and threats can materialize overnight. To remain viable, organizations must be able to identify, evaluate, and respond to numerous real-time challenges, and risk management must become ingrained as a way of thinking. This presentation will introduce ERM key concepts, implementation approaches, tools, and lessons learned.

Fraud Prevention: Having the Controls in Place

The way to deal with fraud is not to catch it, but to keep it from happening. In this session, find out the best approaches to implementing controls that will keep fraud at bay, and safeguard the assets of your credit union.

Creating an Effective Risk Assessment: How to Determine the Risk Factors

An effective risk assessment is crucial to keeping the assets of your members safe, but it must also be efficient and relevant. Learn how to determine which risk factors need to be on your radar.

Due Diligence: Everything is Negotiable! The Secrets to Effective Third Party Contract Negotiation

Part of the due diligence process includes having a handle on the complexities of the contract. In this session, you will learn basic contract drafting tips, how to create service standards and performance metrics, and review top contract provisions to avoid.

Managing the Outsourced Internal Audit Relationship

You have a great deal to keep tabs on in order to make sure things are being done correctly and in the best interest of the credit union and the members. In this session you’ll hear from a representative of an audit firm about what you should be asking, what’s being looked at, the "normal" things that are on the audit, as well as what you should be watching for.

When Fraud Occurs: When to Hire the Expert Investigator

You look for the red flags of fraud, you actively put controls in place and regularly update them and modernize them to prevent fraud"but sometimes it still happens. Find out what the best practices are for a fraud investigation and hear from an industry professional about how to properly accumulate documentation, and the protocol for interviewing in cases of fraud.

Identifying & Testing the Controls

Are your control procedures doing what you need them to do? Are they reviewed regularly to insure their efficiency? As your risks constantly change and evolve, your controls need to keep pace with them. Find out how to pinpoint the internal controls you need in your shop, how to evaluate their design and operational effectiveness, and hear examples of situations with ineffective controls.

Due Diligence: From Copy Paper to Core Processor: A Practical Guide to Conducting a Due Diligence Risk Assessment

Third party vendors offer a new range of potential risks that you may be less familiar with. Bolster your due diligence process by learning how to identify critical vendors, using existing risk assessments, and reviewing the seven steps to vendor risk assessments.

Speed Training: Conflicts of Interest, Supervisory Committee Charters, & Allowable Expenses for the Committee

Three topics, three speakers, one session, and no fluff"we cut to the chase in this speed training session. Each speaker will get 15 minutes to present their material and will get 5 minutes to take questions. There will be a few minutes at the end of the session to approach the speakers to address further questions or concerns.

IT Security: What Can go Away, and How to Prevent It

IT security has become one of the most prominent issues for credit unions and it’s not going away. Find out from an industry professional how to proactively address IT risk, how to evaluate the adequacy of the controls environment, and keep an eye on the many things that can go wrong.

Increasing Your Impact ... Affecting the Thinking & Behavior of Others

As you conduct internal reviews, participate in board meetings, and discuss issues with management, you find yourself in numerous situations where you must relay facts and express your opinion. In this session, explore powerful but underused communication techniques that can help you affect the thinking and behavior of others.

Due Diligence: Cracking the Financial Code: The Keys to Reviewing & Assessing a Vendor's Financial Statements

A vendor’s financial statements are a great source of information invaluable to your due diligence process. In this session we’ll look at the basics of the balance sheet, how to identify the red flags of financial problems, and discover ways to utilize outside accounting expertise.

Credit Union Issues From an Auditor's Perspective

Review the major areas of accountability regarding volunteers and the impact on the credit union when the responsibilities are not attended to in a timely manner. Time will be provided for an interactive Q&A session, including suggestions on how to deal with examiner problems.

The SAS 70—What to Look for in IT

You have asked for and received a SAS 70 from a third party technology vendor. This session will examine what you would expect to see in the report, when you should be concerned about the test results, and possible solutions when there is a problem.

The Supervisory Committee's Role in Compliance Oversight

The supervisory committee has responsibilities beyond making sure the
annual audit is completed. This session will update you on federal legislative and regulatory developments that will impact credit union operations.