National Credit Union Administration (NCUA) and other financial regulators, issued a proposed advisory regarding the unsafe and unsound use of limitation of liability provisions and certain alternative dispute resolutions in external audit engagement letters. The proposal advises the credit union's board of directors, audit committee and management that they should not enter any agreement that contains external auditor limitation of liability provisions with respect to financial statement audits.
Already a member? Log in
Members Get More |
This page contains member-only content.Membership is open to all federally insured credit unions in the United States, both federally and state-chartered. Members enjoy:
|
If you are already logged in and believe you should have access to member-only content, please contact us for assistance at info@americascreditunons.org.