Credit union industry midyear update: Takeaways for 2023
Read insights about prominent risk, compliance, cybersecurity, and more in the credit union industry from our 2023 Credit Union Midyear Update.
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At Crowe, we’re big on the right experience. That’s why our more than 1,300 Crowe assurance professionals1 make time to understand your needs before applying their deep expertise and industry specialization.
We know what’s at stake when embracing business challenges. Whether you’re obtaining financing, planning for acquisitions and divestitures, or funding portfolio companies, our professionals aim to deliver audit and assurance services with efficiency and next-level responsiveness.
1 “The pursuit of financial reporting excellence,” Crowe 2022 Audit Quality Report, p.5
Using their expertise and credentials, our audit and assurance teams strive to give you an audit experience delivered with independence and objectivity. We stress communication and responsiveness throughout the process, whether working remotely or visiting you in person. Discover what makes our service experience different.
People, culture, and values
Our firm’s purpose – “Shaping Your Better Tomorrow. Together. Today.” – as well as our values of care, trust, courage, and stewardship drive everything we do as a firm. We care about each other and the work we do. This extends to our responsibility to the audit profession and our clients.
Tailored, risk-based approach
Not every business is alike, so we won’t adopt a one-size-fits-all method to your unique entity. We look at the underlying transaction data and use deep industry expertise to analyze risks, document controls, and help you understand the risk we have assessed.
Proprietary technology
Crowe has developed proprietary technologies integrating complex methodology and best practices with our firm’s industry and functional expertise. We are continually invested in technologies that centralize, standardize, and support specific audit and assurance processes.
People, culture, and values
Our firm’s purpose – “Shaping Your Better Tomorrow. Together. Today.” – as well as our values of care, trust, courage, and stewardship drive everything we do as a firm. We care about each other and the work we do. This extends to our responsibility to the audit profession and our clients.
Tailored, risk-based approach
Not every business is alike, so we won’t adopt a one-size-fits-all method to your unique entity. We look at the underlying transaction data and use deep industry expertise to analyze risks, document controls, and help you understand the risk we have assessed.
Proprietary technology
Crowe has developed proprietary technologies integrating complex methodology and best practices with our firm’s industry and functional expertise. We are continually invested in technologies that centralize, standardize, and support specific audit and assurance processes.
Quality control
Our focus is on delivering an efficient audit that meets the benchmarks of quality at every level. Plus, we undergo annual inspections from the Public Company Accounting Oversight Board (PCAOB), who evaluates our audit processes.
The One Crowe approach
Your Crowe audit and assurance team is assembled for your industry and services, bringing you the right specialists, with the right expertise. You’ll access top professionals across Crowe and experience seamless collaboration between Crowe offices and teams.
Quality control
Our focus is on delivering an efficient audit that meets the benchmarks of quality at every level. Plus, we undergo annual inspections from the Public Company Accounting Oversight Board (PCAOB), who evaluates our audit processes.
The One Crowe approach
Your Crowe audit and assurance team is assembled for your industry and services, bringing you the right specialists, with the right expertise. You’ll access top professionals across Crowe and experience seamless collaboration between Crowe offices and teams.
At Crowe, innovation is woven throughout our culture. We’re dedicated to propelling the firm and industry into the future of auditing. We equip our people with the right technologies and tools that can drive efficient, right-sized audits, with minimal disruption.
Our featured audit services are grounded in quality management and the pursuit of excellence.
Financial statement audit
Work with a team who can deliver a risk-based financial statement audit on time. We prioritize integrity, objectivity, and deep knowledge of each client’s business.
Benefit plan audit
Our Association of International Certified Professional Accountants (AICPA)-accredited professionals tailor their knowledge to your needs and work to avoid last-minute pressures. We have the technical expertise needed for efficient, thorough benefit plan audits.
Access our IT assurance services for an approach that leverages technology, reduces disruption, and focuses on timely delivery.
The segments we serve are emblematic of both our expansive reach and scope of experience. Ranging from established markets to emerging sectors, our strong engagement teams perform quality audits and efficient IT assurance assessments with the utmost integrity, rigor, and professionalism.
Private companies
Private companies enlist our skilled audit and assurance professionals to provide audit services to meet quality standards and timelines. In this capacity, we deliver value with objectivity.
Publicly held companies
Public company audits performed on an annual basis by independent auditors must adhere to the strictest standards of ethics, independence, and quality control – the key to establishing confidence in our capital markets.
Private companies enlist our skilled audit and assurance professionals to provide audit services to meet quality standards and timelines. In this capacity, we deliver value with objectivity.
Public company audits performed on an annual basis by independent auditors must adhere to the strictest standards of ethics, independence, and quality control – the key to establishing confidence in our capital markets.
Credit union industry midyear update: Takeaways for 2023
Read insights about prominent risk, compliance, cybersecurity, and more in the credit union industry from our 2023 Credit Union Midyear Update.
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We dive deep into issues and topics that could have an impact on your organization.
Comply with lease accounting standards
Lease reporting now requires more data. We can help you plan to address the impacts, from increased lease transparency to ongoing compliance.
Navigate revenue recognition standards
Financial executives are facing the potential effects of changing revenue recognition standards. We can help you determine the best way to implement new guidance.
Lease reporting now requires more data. We can help you plan to address the impacts, from increased lease transparency to ongoing compliance.
Financial executives are facing the potential effects of changing revenue recognition standards. We can help you determine the best way to implement new guidance.
Our auditors are committed to helping our clients in the pursuit of financial reporting excellence, making continuous improvements in the face of constant change.
Don’t miss webinars, conferences, and continuing professional education opportunities that Crowe offers.
| Event | Date | Services | Industries |
|---|---|---|---|
|
|
9/27/2023 |
Advisory
Audit
| |
|
October 2023 financial services audit committee overview
10/5/2023
Audit
Consulting
Financial Services
|
10/5/2023 |
Audit
Consulting
|
Financial Services
|
We apply deep knowledge of AICPA, U.S. Securities and Exchange Commission (SEC), and PCAOB standards and proprietary technology to our work to provide you the real-time data and insights you expect from an objective, independent audit. This, plus support from our experienced leaders – audit and national office partners average 25 years2 – enable us to provide a consistent level of service excellence to our clients.
2 “The pursuit of financial reporting excellence,” Crowe 2022 Audit Quality Report, p. 4.
Want to add credibility to your financial reporting? We can help. Take a few minutes to provide us with some information and we will get back to you soon.