COLUMBUS, Ohio – After a two-year hiatus the Association of Credit Union Internal Auditors will debut the 2001 Census Survey, which highlights industry and professional related functions, during its annual conference held October 8 -11 in Albuquerque, New Mexico. "Traditionally the survey has been annually but the last one was in 1998," said ACUIA Executive Director Brad Feldman. "It is a huge member service that auditors have been requesting so this year we wanted to get back on target." The ACUIA offered Credit Union Times a sneak preview of survey results. The survey focuses on four areas of interest: internal audit functions, volunteer structure, personnel & human resources and external audit functions. Surveys were sent to 372 primary contact members in June 2001 and 178 surveys were returned. While complete survey results will be released during the conference, here is just a peek at some preliminary findings: *
48% of internal audit directors/managers are considered "Senior Management" *
62% are included in board/management planning sessions *
Regardless of size, an average of four individuals participate on supervisory/audit committees *
82% of supervisory committees attend all board of directors meetings *
44% of supervisory committees have a member who also serves on the board of directors * Only 33% of credit unions have a development-training program for auditors but 85% will pay tuition costs for employees to obtain a related undergraduate degree and; *
54% of credit unions outsource some internal audit responsibilities The ACUIA 2001 Census Survey is available for $50. Survey respondents can purchase the survey for a discounted price of $40. For more information contact the ACUIA executive office at (614) 523-3667. [email protected]
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