Annual Independent Audits and Reporting Requirements: Proposed Amendment to Part 363

Details

• Publisher's site:
  https://www.fdic.gov/
• Corporate Authors:
  Federal Deposit Insurance Corporation (FDIC)
• Description:
  The FDIC is proposing to amend Part 363 of its regulations by raising the asset size threshold from $500 million to $1 billion for requirements relating to internal control assessments and reports by management and external auditors, and the requirement that members of the audit committee, who must be outside directors, be independent of management. Comments are due by September 16, 2005.
• Subject:
  Accounting, Auditing, and Securities Disclosure
• Dataset Download URL:
  https://www.fdic.gov/news/inactive-financial-institution-letters/2005/fil7205.html
• Format:
  PDF
• Release Date:
  08/02/2005
• Update Date:
  08/02/2005
• Withdrawn Date:
  Not Available
• Agencies Involved:
  Federal Deposit Insurance Corporation (FDIC)
• Fdic Employee Involved:
  Harrison Greene
• Related Regulation:
  12 CFR Part 363
• Comment Period End Date:
  09/16/2005
• Source:
  FDIC Website
• Memorandum To:
  FDIC-Insured Institutions with $500 Million or More in Total Assets
• Effective Date:
  12/31/2005
• FIL Number:
  FIL-72-2005
• Main Document Checksum:
  urn:sha256:b6c83da0e4029f532aaf8925af2a3153f7b9a358fed6d1296818400899bbc880
• Download URL:
  https://archive.fdic.gov/view/fdic/7556/fdic_7556_DS1.pdf
• File Type:
  [PDF - 27.72 KB ]