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TQA Section 6996.01

Feb 21, 2024 · 77.4 KB Download

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The AICPA has issued Technical Question and Answer (TQA) 6996.01 to provide nonauthoritative guidance about FDIC Improvement Act (FDICIA) reporting options for insured depository institutions between $1 and $3 billion in total consolidated assets. The TQA discusses whether auditors can report on

  • the financial statements,

  • internal control over financial reporting (ICFR) over the financial statements, and

  • ICFR over regulatory financial statements at different levels,

while complying with both Part 363, Annual Independent Audits and Reporting Requirements, of the U.S.

Download the TQA 6996.01 full question and answer

File name: tqa-section-6996-01.pdf

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