After the initial audit work is complete, the supervisory/audit committee must perform the follow-up audit work. This course takes a more detailed look at the tests and procedures the follow-up audit work may include. You will also consider individual internal control questionnaires that apply to the specific credit union accounts or records discussed in each chapter.

Contents:
• Confirmation of Member Share and Loan Balances
• Reconciliations
• Investments and Investment Transactions
• Loan Processing Review and Collateral Inspection
• Review of Loan Delinquency and Allowance for Losses
• Review of Credit Union Income and Expenses
• The Postaudit Report

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.