Events Calendar

Webinar - Call Report Series: The Financial Statement Audit Process
Wednesday, August 21, 2019, 03:00pm - 04:30pm

What’s involved in auditing financial statements? What do auditors consider and how do they use the Call Report? This session will cover a lot of ground, starting with an independent auditor’s objective and concluding with a better understanding of how audit reports are created. Topics will include:

  • How audit risks are assessed and how internal controls are evaluated
  • Audit tools and required communications
  • Use of Call Reports by external audit firms
  • Best practices when dealing with auditors


  • Knowing the independent auditors’ objective
  • Fraud risks and fraud statistics
  • Consideration of information technology and internal control testing
  • Evaluating the work of internal audit
  • Using data analytics to your advantage
  • Identifying key Call Report information used by your independent auditor to evaluate risk, design audit procedures, and determine the price of your credit union’s audit
    • Important links to the 2018 Association of Certified Fraud Examiners’ (ACFE) Report to the Nations, EY’s The Role of Data Analytics in Fraud Prevention, and NCUA’s Credit Union Online website, including upcoming cycle due dates, FAQs, forms, instructions, and Call Report access
    • Employee training log
    • NEW – Interactive quiz


This informative session is designed for credit union internal auditors, management, and volunteers who want a better understanding of the financial statement audit process, including how Call Reports are used by your independent auditor.

SPEAKER:  Stephen J.M. Schiltz, CliftonLarsonAllen LLP

Steve Schiltz is principal with CliftonLarsonAllen’s Tucson office. He began his career with CliftonLarsonAllen in 2002 and has extensive experience providing assurance services to credit unions and credit union service organizations. Steve has made presentations to credit union management teams, supervisory committees, and boards of directors, as well as national speaking engagements and webinars.

A licensed CPA in Arizona and Texas, Steve is a member of the AICPA, Arizona Society of CPAs, and the Beta Gamma Sigma Honor Society. He received his bachelor’s in accounting, cum laude, from the University of Arizona in Tucson.