United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2009_register executive 2009-07-18 article Part III Rules and Regulations D09002ee1c8054826 D09002ee1c8054928 United States Federal Deposit Insurance Corporation originator org United States Government Agency or Subagency The FDIC is amending part 363 of its regulations concerning annual independent audits and reporting requirements for certain insured depository institutions, which implements section 36 of the Federal Deposit Insurance Act (FDI Act), largely as proposed, but with certain modifications made in response to the comments received. The amendments are designed to further the objectives of section 36 by incorporating certain sound audit, reporting, and audit committee practices from the Sarbanes-Oxley Act of 2002 (SOX) into part 363 and they also reflect the FDIC's experience in administering part 363. The amendments will provide clearer and more complete guidance to institutions and independent public accountants concerning compliance with the requirements of section 36 and part 363. As required by section 36, the FDIC has consulted with the other Federal banking agencies. The FDIC is also making a technical amendment to its rules and procedures (part 308, subpart U) for the removal, suspension, or debarment of accountants and accounting firms. The FDIC previously published this final rule in the Federal Register on July 7, 2009, however the document is being republished in its entirety in order to correct an error in the DATES section which caused the applicability date to be incorrect and to correct language relating to holding company depository institution subsidiaries. 74 FR 35726 https://www.govinfo.gov/app/details/FR-2009-07-20/E9-17009 E9-17009 FR20JY09-15 RIN 3064-AD21 P https://www.govinfo.gov/app/details/FR-2009-07-20/E9-17009 https://www.govinfo.gov/content/pkg/FR-2009-07-20/html/E9-17009.htm https://www.govinfo.gov/content/pkg/FR-2009-07-20/pdf/E9-17009.pdf Administrative Practice and Procedure Bank Deposit Insurance Banks Banking Claims Crime Equal Access to Justice Investigations Lawyers Penalties State Nonmember Banks Accounting Reporting and Recordkeeping Requirements 36 p. 35726 35761 74 FR 35726 Title 12 Part 308 12 CFR Part 308 Title 12 Part 363 12 CFR Part 363 RIN 3064-AD21 Annual Independent Audits and Reporting Requirements; Federal Register Vol. 74, Issue RULE E9-17009 III FEDERAL DEPOSIT INSURANCE CORPORATION 2009-08-06 P E9-17009 Final rule; correction.

The FDIC is amending part 363 of its regulations concerning annual independent audits and reporting requirements for certain insured depository institutions, which implements section 36 of the Federal Deposit Insurance Act (FDI Act), largely as proposed, but with certain modifications made in response to the comments received. The amendments are designed to further the objectives of section 36 by incorporating certain sound audit, reporting, and audit committee practices from the Sarbanes-Oxley Act of 2002 (SOX) into part 363 and they also reflect the FDIC's experience in administering part 363. The amendments will provide clearer and more complete guidance to institutions and independent public accountants concerning compliance with the requirements of section 36 and part 363. As required by section 36, the FDIC has consulted with the other Federal banking agencies. The FDIC is also making a technical amendment to its rules and procedures (part 308, subpart U) for the removal, suspension, or debarment of accountants and accounting firms. The FDIC previously published this final rule in the Federal Register on July 7, 2009, however the document is being republished in its entirety in order to correct an error in the DATES section which caused the applicability date to be incorrect and to correct language relating to holding company depository institution subsidiaries.

Effective Dates: The final rule is effective August 6, 2009. Part 363 Annual Reports with a filing deadline on or after the effective date of these amendments should be prepared in accordance with the final rule. Harrison E. Greene, Jr., Senior Policy Analyst (Bank Accounting), Division of Supervision and Consumer Protection, at hgreene@fdic.gov or (202) 898-8905; or Michelle Borzillo, Senior Counsel, Corporate and Legal Operations Section, Legal Division, at mborzillo@fdic.gov or (202) 898-7400. Administrative Practice and Procedure Bank Deposit Insurance Banks Banking Claims Crime Equal Access to Justice Investigations Lawyers Penalties State Nonmember Banks Accounting Reporting and Recordkeeping Requirements Annual Independent Audits and Reporting Requirements; Correction , hgreene@fdic.gov mborzillo@fdic.gov http://www.aicpa.org/download/ethics/EDITED_Adopted_501_8_final.pdf http://www.sec.gov/info/accountants/controlfaq1004.htm Vol. 74, no. 137 Office of the Federal Register, National Archives and Records Administration 2009-07-20 continuing daily deposited born digital 658 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2009-07-20 P0b002ee180023eaa 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:FR20JY09 https://www.govinfo.gov/app/details/FR-2009-07-20 https://www.govinfo.gov/content/pkg/FR-2009-07-20/pdf/FR-2009-07-20.pdf https://www.govinfo.gov/content/pkg/FR-2009-07-20/xml/FR-2009-07-20.xml fdlp 35113 35761 DGPO 2009-07-18 2024-06-04 FR-2009-07-20 machine generated eng FR FR-2009-07-20 74 137