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FDICIA 363 Consulting & Testing

Stay ahead of regulatory requirements and strengthen your financial reporting and internal controls with a trusted partner by your side.

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Support for Every Stage of Your FDICIA Compliance Journey

As banks grow, so do their regulatory responsibilities. Part 363 of the Federal Deposit Insurance Corporation’s Rules and Regulations requires insured depository institutions with $500 million or more in total assets to submit audited annual financial statements along with a management report that includes a statement of management’s responsibilities and an assessment of the bank’s compliance with laws and regulations. At the $1 billion threshold, additional requirements apply, including an external auditor’s attestation on management’s internal control assertions.

Preparing for these thresholds requires more than a policy update. It demands a thoughtful, scalable framework built to support long-term compliance.

Saltmarsh helps financial institutions implement and test internal control systems in line with FDICIA 363 requirements. Whether you're preparing for your first audit of the effectiveness of the institution's internal control over financial reporting or fine-tuning an established program, our team brings the technical expertise and hands-on experience to guide you through every stage.

 

A Practical, Risk-Based Approach to FDICIA 363

Our goal is to help your institution implement an internal control framework that is both defensible and practical. We work closely with management to identify gaps, align processes with FDICIA requirements, and provide testing that supports management’s assessments. Our phased approach adapts to your pace of growth and supports sustainable compliance well before and after reaching FDICIA thresholds.

We prioritize collaboration and education, empowering your team to own the process while providing the support needed to be audit ready.

 

 

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Our FDICIA 363 Consulting & Testing Services

Whether you're approaching the $1 Billion threshold or refining a mature FDICIA program, we provide the services and support you need to stay compliant and confident.

FDICIA Readiness Assessments

We assess your institution’s current internal control environment to identify gaps relative to FDICIA 363 requirements. Our team helps you build a scalable roadmap tailored to your growth trajectory and regulatory profile.

Risk & Control Framework Development

We work with management to design and document a customized internal control framework that meets FDICIA standards while aligning with your institution’s unique processes and reporting structure.

Control Testing & Evaluation

Our specialists perform detailed testing of key controls over financial reporting to evaluate their design and operating effectiveness, providing independent insight and actionable recommendations for improvement.

Management Reporting & Documentation

We help prepare required management assertions and supporting documentation, including narratives, control matrices, and risk assessments — all formatted to withstand examiner and auditor scrutiny.

Ongoing Consulting & Internal Audit Integration

From fine-tuning control environments to coordinating with internal audit functions, we offer ongoing advisory support to keep your FDICIA compliance program practical, sustainable, and aligned with evolving expectations.

People and Practices. The team is well trained, knowledgeable, experienced, accessible, and demonstraates good communication skills. Fieldwork, deliverables and presentations are first class. Our team at the bank always has good dialogue with Saltmarsh, and we learn something with each engagement.
Piedmont Federal Savings Bank NC

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Get the Most Recent Updates at a Glance

Recent & Upcoming Regulatory Compliance Changes – Quarterly Update

This document includes concise summaries of the most material developments over the past quarter. It’s ideal for those who need a quick, focused view of what’s changed since the last report.

What’s inside:

  • Key updates from CFPB, OCC, FDIC, FRB, and HUD
  • Effective dates and impact levels
  • Hyperlinked citations to original rules
  • Summaries of rescinded, vacated, or delayed provisions

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A Trusted Partner for FDICIA Compliance

FDICIA readiness is about more than checking a regulatory box. It’s about building the right internal control framework to support sustainable growth, avoid disruption, and meet increasing scrutiny as your institution crosses key asset thresholds.

At Saltmarsh, we combine technical expertise with decades of real-world experience helping financial institutions prepare for and meet FDICIA 363 requirements. From initial readiness assessments to full-scope control testing, we tailor our approach to your unique environment, risk profile, and available resources.

We understand what’s at stake, and we deliver support that’s practical, efficient, and aligned with your long-term goals.

 

Meet the Team

FDICIA compliance is complex. Our team makes it easier. With decades of experience and deep roots in the financial services industry, our advisors understand what it takes to prepare your institution for FDICIA requirements—both on paper and in practice.

Strickland, Josh-1

Josh Strickland, CPA

Partner

Josh is a partner and the practice leader of Saltmarsh’s Financial Institution Advisory Group, with deep experience in assurance, internal audit, loan review, and strategic consulting. He advises financial institutions on performance, risk management, accounting, and operational matters.

Keith, Jason

Jason Keith, CIA, CISA

Senior ManagerTechnology Risk Consultant

Josh is a partner in Saltmarsh’s Financial Institution Advisory Group, with deep experience in accounting, internal audit, loan review, and strategic consulting. He advises community banks on financial performance, accounting, and operational matters, helping them navigate mergers, improve reporting, and strengthen long-term planning.

Newsome, Jay-1

Jay Newsome, CPA

Senior Manager

Jay is a senior manager with over 20 years of experience delivering audit and consulting services to financial institutions. He specializes in financial statement audits, internal audits, loan reviews, and client training. A graduate of the Alabama Bankers Association’s Banking School, Jay was honored with the Kay Ivey Outstanding Bank Award and recognized as one of Business Alabama’s 2022 Faces of Finance.

Longabach, Julie-1

Julie Longabach

Manager

Julie is a manager in the Financial Institution Advisory Group and brings over 25 years of experience in accounting and management for financial institutions. She oversees and conducts internal audits for financial institutions, drawing on prior roles as a bank CFO and former Bank Examiner with the State of Florida.

Goar, Susann

Susann Goar, CAFP

Senior Financial Institutions Consultant

Susann is a senior consultant in the Financial Institution Advisory Group. She joined Saltmarsh in 2005 and recently returned after two and a half years as SVP/Audit Manager at a publicly traded bank in Miami. Susann’s consulting expertise focuses on deposit and lending operations, with specialized knowledge in FDICIA 363 consulting and testing, as well as Sarbanes-Oxley Act compliance. She also brings experience as an Operational Risk Analyst.

Let’s Talk

Whether you're responding to a bank request, planning for growth, or building your compliance program from scratch, we can help. Reach out to our FinTech team today to start a conversation.

 

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