1. SVP and General Auditor
Brian E. Szabo, CPA
SVP and General Auditor
SunTrust Banks, Inc.

2. What is FDICIA?
The Federal Deposit Insurance Corporation Improvement Act of 1991
Elements of FDICIA include:
Focus on internal controls over financial reporting
Annual management assertion on the effectiveness of internal controls
Accountant’s annual attestation

3. Current Process
The FDICIA process is managed by a component of the company’s risk management function.
Over 60 organizational units submit a self- evaluation .
Information to assist in the completion of the control evaluation is maintained on the intranet.
Internal audit reviews documentation and performs some test work.

4. Does FDICIA Help? Possibly…. Unknowns… COSO based
10 Years of experience
Management awareness
Attestation and review experience
Unknowns…
Can one process solve FDICIA and 404?
Is this a minor modification or a reengineering?
Impact of quarterly 302 process?

5. Agenda
1:00 - 1:10 Introduction & Overview of Annual Certification of Controls - Dave Richards
1:10 - 1:17 Methodology - Sheryl Hildebrand
1:17 - 1:24 Testing the Controls - Gary McGuire
1:24 - 1:30 FDIC Certification Experience - Brian Szabo
1:30 - 1:45 External Auditor Attestation - Gary Stauffer
1:45 - 1:50 Break
1:50 - 2:25 Questions & Answers - Panel
2:25 - 2:30 Concluding Remarks - Dave Richards