FDICIA Guide: Reporting for Financial Institutions

FDICIA Integrated Audit Reporting Requirements Under SAS 130

While reporting requirements for financial institutions over $1 billion aren’t new, Statement of Auditing Standards (SAS) 130 is causing institutions to reevaluate their existing internal control structures, effective December 15, 2016.

Implementing these changes can be difficult and mistakes costly. Our eight-page guide looks at which institutions are affected, the changes to reporting and audit requirements, effective protocols for establishing and maintaining a system of internal control over financial reporting, and more.