Finance & markets · 07/01/1998Updated: 10/17/2026 · 1 min read

FDIC Rescinds Policy Statement on External Auditing Procedures for State Nonmember Banks

The FDIC is rescinding its outdated policy statement due to a systematic review of its regulations and policies under the Riegle Community Development and Regulatory Improvement Act of 1994, as part of its efforts to modernize its guidance on external auditing procedures for state nonmember banks.