A clear financial statement is important to your credibility

In these times of rapidly changing accounting regulations and increasing technical reporting issues, a clear financial statement audited by diligent, knowledgeable professionals is a good start. It has never been more essential to give your supervisory committee, members, and regulators a clear picture of how you are conducting business and handling their money. 

Accounting standards affecting credit unions After years of talking about revised business combination rules, FAS 141(R) became effective for periods beginning after December 15, 2008. For all mergers occurring from here forward, pooling of interest is no longer allowable. This is one of several accounting changes affecting credit unions in the coming year.

Financial statement audits are more than compliance

Plante & Moran auditors have been serving credit unions for decades, so you can rely on them to know the risks and opportunities you face. You can also depend on them to offer more than compliance. Our credit union accounting and auditing team will provide meaningful recommendations for efficiency and control improvements as part of their audit reports. 

You will benefit from our award-winning firm culture

We can confidently say that you will enjoy working with our credit union accounting and audit specialists. Many organizations and publications have honored Plante & Moran as a top place to work. That is because we have a culture based on a philosophy of nurturing staff and putting the client first.

Our culture also translates into very low staff turnover, so you will see many of the same financial statement auditing team members year after year. A partner and senior manager will be heavily involved with your financial statement audit and will be available to discuss issues as they arise and to offer possible solutions.

The credit union auditing team will look at issues of your credit union from all angles and will accommodate your concerns in creative ways, while ensuring you remain in compliance. 

You can trust us

As an audit client, we can promise you that: 

• Your internal controls and financial statements will be reviewed by reputable, experienced industry professionals. 
• You will receive objective, independent, accurate financial statement audits and information in a timely manner. 
• You will benefit from proactive advice on accounting issues and regulations and updates on credit union trends.