CREDIT UNION STATUTORY AUDIT

Credit Union Statutory Audits

Independent audits. Sector expertise. Trusted assurance.

We provide independent statutory audit services for Credit Unions, combining deep sector knowledge with a practical, risk-based approach and clear communication throughout the engagement. Our team understands the regulatory, governance and financial reporting requirements facing Credit Unions and tailors each audit to the size, structure and risk profile of the organisation.

We work closely with Boards, Audit Committees and management teams to deliver a high-quality, efficient audit process and provide meaningful insight into key financial, control and governance matters.

15+ Years Sector Experience

A dedicated Credit Union team with deep sector knowledge.

Risk-Based Audit Approach

A tailored and efficient approach focused on what matters.

Partner-Led Reporting

Direct partner involvement and clear, practical insights.

Clear Member Communication

We help explain complex financial information in an accessible way.

Expertise in completing Statutory Audits

Every Credit Union is obliged to have its annual financial statements audited by an External Independent Statutory Auditor.

WDA’s Credit Union team has the expertise and resources to complete your statutory audit in a timely and efficient manner in order. Our team is lead partners that have over 15 years experience in delivering quality services to the Credit Union Sector.

The primary objective of the external audit is to provide an independent opinion on your Credit Union’s financial statements. WDA have a tailored, risk based auditing approach that will provide you with an efficient audit that’s within your regulatory needs and timeframe for AGM and other reporting deadlines.

With the level of legislation and regulation both current and future, governing the Credit Union Sector, it is vital for the Board to have a strong professional firm such as WDA acting as their Auditors. The five yearly auditor rotation system will ensure the Credit Union obtains new independent advices and views to assist them is complying with their obligations.

  • Complete interim audits and prepare a detailed report for the boards consideration, and will be on hand to present same to the executive, full board or both. This has proven to facilitate more efficient year end audits.

  • At the conclusion of the year end audit a WDA Partner will meet with and present the findings of our audit to the Audit Committee or Board as required. This affords us with an opportunity to present and discuss any significant issues arising from the audit and also any areas of weakness identified during the course of the audit.

  • As communication with the Credit Unions members is vital at AGM, a WDA partner will be in attendance to present our audit report and highlight significant issues within the financial statements.

  • We welcome all questions from the floor / membership and pride ourselves in our ability to present complicated financial information to the members in easy to understand language, as most members would not have formal financial training to interpret the financial statements.

How we operate

Audit Planning

We understand your business and plan the audit to ensure an efficient and effective process.

Risk Assessment

We identify and assess risks of material misstatement, focusing our audit where it matters most.

Audit Fieldwork

We perform our audit procedures with professionalism and care, in line with ISAs and regulatory requirements.

Reporting to Board

We issue a clear and detailed audit report with practical findings and recommendations you can rely on.

AGM Attendance

Our partners attend AGM to present the audit report and discuss key matters with members.

Ongoing Support

We are available to discuss our findings and provide practical support throughout the year.

What our clients say

South Leinster Citizens Information Service appointed WDA as the company auditors commencing in January 2026.  The first audit after making such a change is always the trickiest but in this instance the process was straightforward and stress free.  WDA set out an audit plan, met with me to explain the plan, and followed it exactly.  I was able to give them remote access to my financial management system and submit documents via a secure shared drive.  No site visited needed!   The audited accounts were ready by the middle of March two weeks ahead of the agreed deadline.  WDA also met with me to informally review the accounts before formal presentation to the board. I am very happy with the outcome.

citizens-informationSouth Leinster Citizens Information Service

Whelan Dowling and Associates (WDA) has been working with and providing external audit services for Threshold, the national housing charity, since 2019. During that time, as CEO, I have found the services and supports provided by WDA to be highly responsive to the needs of Threshold, dependable and professional. They explain their work and processes to us in simple and accessible language; they carry out all necessary tasks with willingness and enthusiasm and are very flexible in providing additional services when required by Threshold. We would be very happy and willing to recommend the services of WDA to any prospective clients 

Threshold

We engaged Whelan Dowling & Associates (WDA) for the provision of statutory audit services for the financial year ended 31st December 2024, as well as for assistance in the preparation of our financial statements. This was our first time working with WDA, and we are very impressed with the quality of service we received. Jason Dowling FCA acted as our account manager and provided excellent service and sound professional advice throughout the audit process. His responsiveness, clear communication, and understanding of our sector were particularly valued. WDA ensured we met all of our statutory deadlines and they remained within budget, while being readily accessible to both our Trustees and management team throughout the engagement. We would have absolutely no hesitation in recommending WDA to other not-for-profit organisations seeking a reliable and professional audit partner.

Donegal Youth Services CLG.

Contact Us

Lets start a conversation

Whether you have a specific requirement or would simply like to discuss how WDA can support your organisation, our team would be happy to hear from you.

Get in touch today and one of our team will come back to you.

  • (01) 6771411

  • info@wda.ie

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Call our team and we’ll make sure you’re connected with the right person.

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