Audit & Supervisory Services

NASCU facilitates internal controls and financial audits for SACCOs to ensure transparency, accountability, and compliance with regulatory requirements and cooperative principles. These services include:

• Facilitation of Financial Audits: Coordinating and supporting the auditing of SACCO financial statements to ensure accuracy and reliability.
• Internal Controls Support: Assisting SACCOs in establishing and maintaining effective internal control systems to mitigate risks and enhance operational efficiency.
• Regulatory Compliance Oversight: Guiding SACCOs to adhere to applicable laws, regulations, and sector guidelines.
• Governance Support: Advising Boards and management on good governance practices and fiduciary responsibilities.
• Recommendations for Improvement: Providing guidance to strengthen financial management, operational efficiency, and overall sustainability.

By facilitating these functions, NASCU ensures SACCOs operate with integrity, accountability, and resilience, safeguarding member funds and promoting long-term sectoral sustainability.