Internal Audit – TC Alexander Sloan Credit Union Services

Internal Controls

Steven Cunningham — Sun, 14 May 2023 10:28:35 +0000

A process for assuring achievement of a Credit Union’s objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws regulations and policies.” Our last blog focused on the benefits of internal audit. Many of these benefits focus on internal controls which is the subject of our latest blog. Internal financial controls are …

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What is Internal Audit

Steven Cunningham — Mon, 13 Mar 2023 19:37:48 +0000

We had a huge level of interest in our recent Internal Audit webinar that we presented on behalf of the London and South East Forum. We therefore thought it would be useful to cover some of the key areas in a series of blogs starting with “What is Internal Audit”. “The role of internal audit …

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Passphrases rather than passwords

Steven Cunningham — Sat, 25 May 2019 18:09:36 +0000

In a world with GDPR and an ever increasing number of cyber attacks it is vital that Credit Unions have proper security in place. Passwords will form one of the fundamental security measures in your system but passwords can often be a weak link in your security. The guidance used to be to change your password …

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Ransomware on the rise

Steven Cunningham — Fri, 16 Sep 2016 12:58:27 +0000

Security firm Malwarebytes has reported over half of UK businesses have suffered a ransomware attack in the past year. There has been a dramatic rise in the number of ransomware attacks over the past 12 months with the FBI reporting ransomware attacks cost their victims $209 million in the first three months of 2016 compared …

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Fraud- Common frauds to be aware of

Steven Cunningham — Wed, 06 Apr 2016 09:05:20 +0000

Fraud is on the increase. In recent weeks, we have seen a number of attempted frauds involving fake emails, supposedly sent by senior members of the organisation. The email states that they (the senior member of staff) are out of the office but they require an urgent bank transfer to be made. The emails are …

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