Summary: | 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. |
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Proposed Amendment to Part 363 - PDF 64k ( PDF Help )
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Additional Related Topics:
- Federal Deposit Insurance Act Section 36
- Part 363 of the FDIC's Regulations