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Federal Register Publications

FDIC Federal Register Citations



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FDIC Federal Register Citations

Via e-mail

From: Don Coker
Sent: Saturday, January 18, 2003 7:12 PM
To: Comments

Subject: Removal, Suspension, and Debarment of Accountants From Performing Audit

The proposed Rule contains a provision that accountants could be barred from performing audit services for firms with assets of $500 million or more. It is not clear what purpose an asset level of $500 million would serve. Clearly, if an accountant is not competent to audit a firm over $500 million, then it would be equally incompetent to audit a firm under $500 million. My suggestion is that you consider removing the arbitrary $500 million figure.

Best regards,
Don Coker
Banking, Management & Economic Consultant
Mobile, AL
 
Last Updated 02/04/2003 regs@fdic.gov

Last Updated: August 4, 2024