Supervisory Committee Audits and Verifications

Title: Supervisory Committee Audits and Verifications
Subject: Audits
Agency: NCUA
Status: Proposed rule
The National Credit Union Administration (NCUA) Board proposes to amend its regulations governing the responsibilities of a federally insured credit union (FICU) to obtain an annual supervisory committee audit of the credit union. The proposal implements recommendations outlined in the agency’s Regulatory Reform Task Force’s Regulatory Reform Agenda and will provide additional flexibility to FICUs.
FR Doc: 2019-03164
Date proposed: February 14, 2019
Comments due date: April 26, 2019
Final rule effective date:
Rule compliance date:
Agency release: Supervisory Committee Audit Rule Changes Proposed
Related Reg Report item(s): Credit union audit rules would be more flexible under NCUA proposal

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