Discover the critical amendments proposed by the Farm Credit Administration (FCA) aimed at fortifying the safety and soundness of the Farm Credit System. This course offers an in-depth look at new requirements for annual attestation reports, enhancing internal control over financial reporting (ICFR). Learn how these changes will impact associations and banks within the System, ensuring rigorous financial accountability and transparency.
In this course you will learn the following:
* Understand the purpose and intent of the proposed rule.
* Recognize the criteria for associations required to obtain attestation reports.
* Appreciate the role of public participation in shaping the final rule.