StacksVerified U.S. regulatory reference

12 CFR §150.450

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
Auditors must follow generally accepted standards for attestation engagements and other standards established by the OCC. An audit must ascertain whether your internal control policies and procedures provide reasonable assurance of three things:
  1. (a)You are administering fiduciary activities in accordance with applicable law.
  2. (b)You are properly safeguarding fiduciary assets.
  3. (c)You are accurately recording transactions in appropriate accounts in a timely manner.