2022 Patelco Annual Report (1) - Flipbook - Page 19
Audit & Risk Committee’s report
The Audit & Risk Committee of the Board of Directors provides valuable oversight in monitoring Patelco Credit Union’s
financial safety and soundness, ensuring the safeguarding of its assets, and overseeing Patelco’s compliance with various
financial and regulatory requirements. In fulfilling these responsibilities, the Committee regularly meets (at least four
times a year) to review internal audit reports, examinations by regulatory agencies, other third-party reports on internal
controls, as well as risk-based monitoring reports. In addition, the Committee appointed the independent audit firm of
Moss Adams LLP, Certified Public Accountants, to perform an audit of Patelco’s consolidated financial statements for the
year ending December 31, 2022. The unaudited condensed consolidated statements of financial condition and income
appear in this Annual Report and audited consolidated financial statements can be obtained by submitting an e-mail
request to annualmeeting@patelco.org.
We wish to express our appreciation to the executive leadership team and all staff for their continued support.
Garick Zillgitt
Chair – Audit & Risk Committee
ANNUAL REPORT
2022
18