Bankowość · 23/10/2020

FDIC Issues Interim Final Rule to Exempt Insured Depository Institutions from Annual Independent Audits and Reporting Requirements for Fiscal Years Ending in 2021

Due to the impact of the COVID-19 pandemic on the US economy, the FDIC has temporarily exempted insured depository institutions from annual independent audits and reporting requirements for fiscal years ending in 2021, allowing them to base their applicability on assets as of December 31, 2019 or the start of their fiscal year in 2021.