Callahan’s 2019 Credit Union auditor’s guide provides rankings and insight
WASHINGTON, DC (July 31, 2019) — Best practices and insights from industry leaders — as well as who those leaders are — highlight the 2019 Supplier Market Share Guide: Credit Union Auditors now available from Callahan & Associates on CreditUnions.com.
For the fifth year, CliftonLarsonAllen LLP again tops CPA firms for both number of credit union clients (260) and aggregate client assets ($279.7B). The number two auditor this year is Doeren Mayhew with 192 credit union clients with $40 million plus in assets.
Industry standards recommend that credit unions reevluate their external auditor every three years. The guide analyzes auditor market share down to the state level and provides information on firms’ typical asset size of clientele, expertise in core processing systems, and other variables credit unions need to consider when searching for CPAs and auditors who understand the cooperative mission while addressing industry risk concerns in all aspects.
There guide features more than just numbers. Industry experts also provide their insight on how to navigate the new CECL accounting standards, key steps for a successful system conversion, and more. “As we look toward the future, our ultimate goal is to help credit unions identify the optimal partner to help guide them through the ever-changing economy and regulatory environment,” said Alix Patterson, chief experience officer at Callahan.
*As a result of a merger with Macpage, Wipfli now includes all former Macpage clients. **Financial Standards Group split into two separate entities: Financial Standards Group, Inc. and Financial Standards Group, CPA, LLC.
About Callahan & Associates
We are dedicated to helping the credit union industry thrive. Our team provides leading research, analytics, networking and consulting solutions. More than 4,000 credit unions and industry suppliers rely on us for the latest data, actionable insights, and benchmarking tools to develop their unique competitive advantages and achieve their strategic goals. Our 30-year history has enabled us to build an unparalleled knowledge transfer consortium which connects the industry’s best minds. To join Callahan’s network, please visit www.callahan.com.