Cooperation. Concern. Community.
From personal and commercial banking, to investing and borrowing, BDO's Advisory and Assurance practices understand the unique grassroots nature of credit unions and their place in Caribbean communities.
Generally, credit unions are involved in many of the most complex accounting practices that require assistance and appropriate audit services for their year-end assurance requirements. We pride ourselves on offering practical, local advice combined with national and international resources to effectively serve Supervisory and other Board Committees operating within this sector.
Audit Readiness Assessment and Work Plan
Our teams work closely with you to develop the right strategies to reduce operational complexity during the year end audit process. Our Financial Services team has hands-on experience as both financial executives and audit practitioners in managing the year end audit process. We assess processes across people, functional, and technology dimensions, to ensure an effective and repeatable process is effected.
Board Oversight and Internal Controls
All companies face new corporate governance concerns, as well as intense internal and external scrutiny. Most credit unions have already established methods of risk management and internal control in their organisational environment and daily activities. They may seem simple and basic, but they are still proven and substantiated approaches which help mitigate risk.
The BDO Risk Advisory Services practice is committed to supporting the Board, Credit and Supervisory Committees in monitoring the operational activities and financial strength of the credit union. We help clients to strengthen the existing system of internal control, and ensure the right information is communicated to the Board in a thorough and understandable manner.
Financial Statement Audits
Using our leading-edge audit methodology we conduct independent financial statement audits that deliver comprehensive and efficient outcomes – regardless of your size or location.
Our auditing specialists use their knowledge and experience to help sort through any financial reporting or accounting issues you face. We can also assist with other specific financial reviews based on your requirements