Chapter 4 - Examiners Guide

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Chapter 4 internal CONTROLS TABLE OF CONTENTS internal CONTROLS ........................................ ........................................ ................ 4-1 Examination Objectives ........................................ ........................................ ....... 4-1 Associated Risks ........................................ ........................................ .................. 4-1 Overview ........................................ ........................................ .............................. 4. 1 Safety and Soundness ........................................ ........................................ ........... Accurate Financial Statements.

Internal controls are checks and balances built into policies and procedures. The FCU Act requires several internal controls, while others develop out of daily experience. Internal controls for credit unions prescribed by law, regulation, or sound business practices include providing a statement of account to

  Internal, Control, Chapter, Chapter 4, Internal control