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Annual Audit and Reporting Requirements: Proposed Amendments to Part 363
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11/02/2007
[PDF-34.69 KB]
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Description:The FDIC is requesting comments on the attached proposed amendments to Part 363 of its regulations, which sets forth annual independent audit and reporting requirements for insured institutions with $500 million or more in total assets. The FDIC is proposing to amend Part 363 in light of changes in the industry; certain sound audit, reporting, and audit committee practices incorporated in the Sarbanes-Oxley Act of 2002; and the FDIC's experience in administering Part 363. The amendments are also intended to provide clearer and more complete guidance for compliance. Comments are due by January 31, 2008
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Release Date:11/02/2007
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Update Date:10/02/2008
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Withdrawn Date:Not Available
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Agencies Involved:Federal Deposit Insurance Corporation (FDIC)
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Fdic Employee Involved:Harrison Greene
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Law Involved:Sarbanes-Oxley Act of 2002
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Related Regulation:12 CFR Part 308;12 CFR Part 363;
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Comment Period End Date:01/31/2008
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Source:FDIC Website
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Memorandum To:Selected FDIC-insured institutions
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FIL Number:FIL-96-2007
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