Chart 1: External Auditorsí Communication on Internal Control Over Financial Reporting for Insured Depository Institutions

A decision tree. Is this institution a public company subject to Sarbanes-Oxley 404? If yes, Is this institution a large accelerated filer or an accelerated filer as defined by the Securities and Exchange Commission? If no, the institutionís external auditor must follow the Public Company Accounting Oversight Boardís SAS 50 Conformed in the Public Company Accounting Oversight Boardís interim standards. If yes, the institutionís external auditor must follow the Public Company Accounting Oversight Boardís AS-5. Is this institution a public company subject to Sarbanes-Oxley 404? If no, does this institution have $1billion or more in total assets? If no, the institutionís external auditor must follow the American Institute of Certified Public Accountantsí SAS 112. If yes, the institutionís external auditor must follow the American Institute of Certified Public Accountantsí AT 501.