Skip Header

Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Home > Regulation & Examinations > Laws & Regulations > FDIC Federal Register Citations

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

Skip Footer back to content