When will a firm auditing an insured depository institution (IDI) be subject to Part 363 of the Federal Deposit Insurance Corporation (FDIC) regulations?

June, a tax preparer, encounters a conflict of interest related to an individual client. Which source of rules would be most likely to lead June to understand her professional responsibilities?

When will a firm auditing an insured depository institution (IDI) be subject to Part 363 of the Federal Deposit Insurance Corporation (FDIC) regulations? Once the institution becomes a public company. Once the IDI's total assets exceed a certain dollar amount. Once the audit firm registers with the PCAOB. Once the audit firm passes its peer review. June, a tax preparer, encounters a conflict of interest related to an individual client. Which source of rules would be most likely to lead June to understand her professional responsibilities? AICPA bylaws. SEC Rule 2-01. GAO Yellow Book. IRS Circular No. 230