In late November 2025, the Federal Deposit Insurance Corporation (FDIC) issued FIL‑54‑2025, which, among other updates, adjusted the asset thresholds under 12 CFR Part 363. Section 36 of the Federal Deposit Insurance Act generally requires insured depository institutions above certain asset levels to undergo an annual independent audit, an assessment of the effectiveness of their internal control over financial reporting (ICFR), and related reporting and audit committee requirements. Part 363 implements Section 36.

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