10th Annual Supervisory Committee & Board of Directors Conference 2019_CU_Conference_Brochure-final - Page 18

AGENDA | WEDNESDAY, JUNE 26 Counting Down Audit Deficiencies An unwanted distraction for both management and auditors, audit deficiencies are nobody’s friend. Fortunately, many of the most common deficiencies can be avoided. Let the countdown begin as you walk through the ten most common audit deficiencies found, determine the causes and learn steps your Supervisory Committee can take to help avoid them in the future. lll Speakers Lori Carmichael, CPA - Shareholder, Doeren Mayhew Stephen LaBarbera, CPA - Audit Manager, Doeren Mayhew A Look at Hedging and Interest Rate Risks With financial markets subject to substantial volatility, hedging and interest rate risk management has evolved as a survival mechanisms to adapting to the financial environment. As a depository engaged in the core banking business of financial intermediation, natural financial risks arise and hedging mitigates risks from interest rate volatility. Join Emily Hollis as she defines hedging and takes a look at fundamental hedging concepts. lll Speaker Emily Hollis - Chief Executive Officer, ALM First 11:00 a.m. - 11:15 a.m. Break 11:15 a.m. - 12:15 p.m. Breakout Sessions Understanding the World of Audits: What You Need to Know About Them All One of your most important roles as a credit union official is the oversight of your credit union’s auditing. Inundated with different audit requirements to satisfy and negotiating the costs associated with them, this level of responsibility can quickly become overwhelming. This session will help you navigate your way through the auditing world – from financial audits, to IT, to ACH, to branch audits and all the audits less traveled along the way – we’ll make a pit stop at them all. Come explore with us what audits are required, when they are required and how to ensure you are getting the best value from them. lll Speakers John Murnane, CPA - Shareholder, Doeren Mayhew Jeremy Smith, CPA, MSA - Shareholder, Doeren Mayhew