Our dedicated Credit Union Group, led by Diarmaid O’Keeffe, Partner, helps credit unions optimise growth opportunities and manage risk.
Our highly experienced team has more than 15 years’ industry experience working with over 200 credit unions; regulators; industry bodies; and technology developers.
We provide robust, value-add and practical services to credit unions from audit, internal audit and risk & regulatory advisory including RMP support to due diligence, merger advisory, finance function support including payroll and interim head of finance and for Board members and staff training & consulting services.
Below are some examples of how we have helped our clients:
Appointed as Statutory Auditor to some of the largest credit unions in Ireland. We furnish credit union Boards with robust audit management letters with actionable recommendations supported by appropriate evidence.
Engaged to undertake multiple asset and due diligence reviews of credit unions throughout Ireland both as standalone services and in the context of transfers of engagements. Services include review of loan books, investments, fixed assets, governance, regulatory arrangements, financial performance, operational arrangements and the execution of previous transfers of engagement.
Forensic accounting review and investigation of certain transactions identified by a credit union. Scope of services included investigation and review of internal controls; accounting and record keeping systems in operation. Delivered a robust report with actionable recommendations.
Engaged to advise a credit union on financial reporting requirements relating to an acquired loan book including appropriate accounting treatment and disclosures in accordance with FRS 102.
Following a supervisory review, we were engaged to support a large complex risk mitigation programme for our client. We conducted a gap analysis to compare the Central Bank’s expectations with current frameworks, policies and practices to develop a robust remediation plan in line with the specific risks identified, the required actions and regulatory deadlines. In collaboration with our client, we adopted a formal approach to the remediation project including, project sponsor, working group and status reporting to provide project management, regular updates on progress, document decisions and evidence remediation actions taken. We also supported communications with the Board and the Regulator in addition to providing project management.
Designed and delivered a bespoke 6 module training program for Credit Union Heads of Finance seeking to enhance their financial skills, competencies and knowledge. Subject areas include Management Accounting; Strategy Planning & Corporate Governance; Financial Accounting & Reporting; and Audit & Regulation.
+353 1 293 3400
+1 212 949 8700
+1 345 945 5889
+65 6305 9900
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+353 1 293 3400
+1 212 949 8700
+1 345 945 5889
+65 6305 9900
