NCUA audit objectives when reviewing share accounts

Submitted by sevans on Wed, 11/19/2014 - 4:20pm

NCUA audit objectives:

  • Determine whether the credit union has a realistic share product mix and pricing policy
  • Determine whether the share program meets the needs of the members
  • Analyze the share mix to determine whether it provides for adequate earnings
  • Determine whether the share program incorporates adequate internal controls
  • Evaluate the reasonableness of fluctuations in the shares and share mix
  • Determine whether the share program meets all legal requirements