The FDIC Improvement Act requires that management of large financial institutions engage auditors to attest to assertions by management about the effectiveness of the institution's internal controls over:

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The FDIC Improvement Act requires auditors to attest to management's assertions about the effectiveness of internal controls over financial reporting. While the act also addresses compliance with laws and regulations, as well as effectiveness and efficiency of operations, the specific requirement for auditors relates to financial reporting.

The FDIC Improvement Act Requires That Management of Large Financial