Build an FDICIA program that’s ready before the threshold hits.
RADD builds and tests the internal control framework FDICIA requires — Part 363 reporting, management’s ICFR assessment, and attestation-ready controls — for community banks and credit unions crossing $500M and $1B in assets.
Crossing the asset threshold turns internal control into a filing requirement.
Once total assets cross $500 million, FDICIA Part 363 brings audited financial statements, management reporting, and an audit committee with teeth. Cross $1 billion, and management must assess internal control over financial reporting — and an independent accountant must attest to it.
What the threshold changes
- Audited financial statements and Part 363 reporting at $500M
- Management’s assessment of internal control over financial reporting at $1B
- An independent accountant’s attestation on those controls
- An audit committee with real independence requirements
Institutions that grow into these thresholds are often the least prepared for them: the controls that worked at $400M don’t carry the documentation, testing, and evidence FDICIA demands.
You shouldn’t hit the threshold unprepared.
RADD has sat in your seat. Our consultants have built FDICIA and ICFR programs, documented and tested controls to the framework, and prepared institutions for their first attestation year. We bring that experience to your team — mapping the controls, running the testing, and getting you ready well before the threshold and the deadline arrive.
- Consultants who have built FDICIA and ICFR programs
- Controls documented and tested to the COSO framework
- First attestation year prepared start to finish
- Coordination with your independent accountant
The R.A.D.D. Compliance Confidence Framework™
You shouldn’t have to figure out where to start. Our four-step framework turns regulatory uncertainty into a clear path forward — built around your institution’s size, business lines, and risk profile.
Reveal Risks
We uncover the regulatory gaps, operational risks, and audit vulnerabilities specific to your institution through a proactive compliance assessment — before an examiner finds them first.
Align & Analyze
We benchmark your current compliance posture against examiner expectations and board priorities, including emerging risks like crypto, fintech partnerships, IT compliance, and privacy laws (CCPA/GLBA).
Design Your Compliance Roadmap
You get a customized, board-ready roadmap with priorities, timelines, resource recommendations, and predictive strategies to eliminate future findings — not just the ones you already know about.
Deliver & Defend
We execute the roadmap alongside your team — through tailored audit engagements or our RADD Assist subscription — and stand with you in front of examiners, the audit committee, and the board.
Full-scope FDICIA compliance support.
Consulting & program build
- FDICIA Part 363 readiness assessment
- ICFR documentation and narratives
- COSO-based control framework
- Risk-and-control matrices (RCM)
- Management’s ICFR assessment support
- Entity-level and IT general controls
- Deficiency evaluation and remediation
- Independent-accountant coordination
Independent testing & audit
- FDICIA control testing and walkthroughs
- Operating-effectiveness testing
- Key-control and sample testing
- IT general controls (ITGC) testing
- Management testing support
- Audit committee reporting
- Corrective-action tracking
What “handled” looks like.
It looks like a control framework that’s documented, tested, and evidenced before you cross the threshold; a management assessment your independent accountant can attest to; and an audit committee that walks into FDICIA year with no surprises. RADD builds the program now, so the deadline is a formality.
Why Clients Rely on RADD LLC
Frequently asked questions
Who is this for?
CFOs, controllers, and audit committees at community banks and credit unions approaching or crossing the $500 million and $1 billion FDICIA asset thresholds.
When should we start?
Before you cross the threshold. FDICIA readiness takes a full cycle to document and test controls, so starting a year ahead keeps your first reporting year from becoming a scramble.
What changes at $500M versus $1B?
At $500 million, FDICIA Part 363 requires audited financials, management reporting, and an independent audit committee. At $1 billion, management must assess internal control over financial reporting and an independent accountant must attest to it.
Do you test controls as well as build the framework?
Yes — and when independence matters, we scope testing separately from the build work so your results stay objective.
Let’s get your FDICIA program ready before the threshold does.
Book a 30-minute call. We’ll walk through where your control gaps are — and what it takes to be attestation-ready.
