Course Overview

CPD: 4 Hours CPD Approved by ILCU for CU CPD Holders

           4 Hours CPD Approved by LIA for CUA Holders

You can contact us on 01-6771411 or click here to make a booking

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Locations & Dates – Confirmed

Course Objectives

The objective of this course is to give the attendees a detailed overview on how to implement an internal audit function and identify / plan and manage risks.

With stronger emphasis from the Revenue Commission on compliance in 2012 the course will offer practical examples of real risks within a Credit Union and more importantly how they can be managed.

Who Should Attend

This course is specifically designed for Directors, Supervisors, Managers and Staff of all Credit Unions. It will benefit both Community & Industrial Credit Unions, large and small. It is advisable that 2 - 3 members of a Credit Union attend to maximise the benefits from this course once it has been attended.

Course Content 

Implementing Internal Audit Function Within A Credit Union

• Review of the Regulatory changes that the Credit Union sector have seen in the past 3 years and the implications past and future
• Executive Review of Internal Audit Function
• Risk – Identification, Planning & Management
• Example – Qualitative Risk Matrix & Scoring System
• Reporting Function of Internal Audit
• Corporate Governance – Developing Formal Approach
• Information Technology & Data Protection – Risks & Threats
• Policies & Procedures – Changes Required
• Financial Reporting – Interaction with External Auditors & other Reviewers
• Financial & Asset Management – Risks & Threats
• Loans & Bad Debts – Implementation of Internal Audit Loan Book Review
• Income – Managing Risk & Threats
• Miscellaneous Issues – Discuss other areas of Risk to the Credit Union
• Road Map – Summary
• Q & A

Q & A

A question and answer session will be held at the end of the seminar.  Attendees are requested to submit any technical question in advance by email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Facilitators

Jason Dowling CPA – Partner Whelan Dowling & Associates
Jason is the Audit & Compliance Partner within Whelan Dowling & Associates.  He has over 15 years experience in completing audit and consultancy engagements for all types of Credit Unions.

Whelan Dowling & Associates have been engaged by a large Industrial Credit Union to implement, complete and control their Internal Audit Function.  This Credit Union will be one of the first in the country to implement this function under Jason’s direct supervision.

John McCarthy FCA – Director John McCarthy Consulting Limited
John has extensive experience in the provision of technical and strategic support to practicing accountants throughout Ireland. He has spoken at many seminars and conferences.

John was formerly Director of Professional Standards at Grant Thornton, Dublin, the fifth largest accounting firm worldwide. He was responsible for the regulatory, compliance, training and Corporate Governance of the organisation.

Prior to this he spent nine years with Chartered Accountants Ireland as their Senior Practice Consultant working with over 1,000 chartered accountancy practices on regulatory, technical and management issues.

You can contact us on 01-6771411 or click here to make a booking