Bankers should understand the requirements if their institution is approaching the $500 million or $1 billion thresholds considering crucial planning and realistic timelines
Cover the key facts about FDICIA including auditing and enhanced reporting requirements as well as audit committee responsibilities.
Learning Objectives:
Understand the steps necessary to implement FDICIA to satisfy audit and regulatory guidelines, including:
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Monitoring and preparing for implementation
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Reviewing internal controls and devising an action plan
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Establishing key controls and determining a testing methodology
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Obtaining the necessary skills and resources for implementation
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Anticipating the costs and budgeting for FDICIA Compliance
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Engaging your audit committee in fraud prevention
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Determining the correct technology to assist with compliance
