LAS VEGAS (5/22/14)--Balance sheets, investments, fraud and the economy were just some of the topics covered at this week's CUNA CFO Council Conference in Las Vegas.
"Retirement security is contingent on the employer's decision to offer a well-designed retirement plan and employees' decision to participate, save enough and invest appropriately," said the director of retirement investment strategy.
He offered seven steps of a "defined benefit-ization" program, which includes frequent assessments to ensure the plan provides a steady stream of income for retirees.
With U.S. economic growth forecast to reach 3% this year and 3.75% in 2015, credit unions can expect to see a surge in housing construction, rising home prices, higher auto sales, stronger business investment spending, and a robust energy sector, he said.
Hoskins, who is a partner at Nearman, Maynard, Vallez CPAs, shared the seven most common things that trip up an audit: Supervisory and file maintenance reports, dormant and no-mail accounts, annual disclosure statements, Statement on Standards for Attestation Engagements (SSAE) 16 reports, and reconciliations.
For coverage of the 2014 CUNA CFO Council Conference from Credit Union Magazine, use the resource link.