This course presents specific steps that might be considered during the initial audit visit. You will learn how to evaluate internal controls and examine workpapers for cash, traveler’s checks, and money orders; the trial balance of member share and loan accounts and the trial balance of the General Ledger. This course is intended as an instructional text, and provides general ideas in assuming your responsibility and your work. A comprehensive list of credit union auditing and accounting terms is included in this course.

Contents:
• Overview
• Cash Count
• Travelers’ Checks and Money Orders
• Trial Balance of Member Share and Loan Accounts
• Trial Balance of the General Ledger

By successfully completing the optional exam, you can earn 2 credits for the CUNA Volunteer Certification Program (Level 1, Annual Audit) toward your Certified Credit Union Volunteer designation.