U.S. Department of the Treasury, Emergency Capital Investment Program: "Announcement Regarding Waiver of the Auditor Attestation - Fiscal Year 2022"

Summary

Treasury's Emergency Capital Investment Program waived, for each participant's fiscal year 2022, the requirement in Section 4.1(d)(ii) of the ECIP Securities Purchase Agreement that certain participants submit an independent auditor's attestation that the controls behind their Supplemental Reports are satisfactory. The notice says ECIP remains engaged with participants, auditors and other stakeholders on the concerns raised about the attestation.

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Full text

Subject: Announcement Regarding Waiver of the Auditor Attestation - Fiscal Year 2022.

Dear ECIP Participant:

For the Participant’s fiscal year 2022, ECIP is waiving the requirement in Section 4.1(d)(ii) of the
ECIP Securities Purchase Agreement for certain ECIP participants to submit an attestation from
their independent auditor that the processes and controls used to generate the Supplemental
Reports are satisfactory. As a result, ECIP Participants are no longer required to submit the
auditor attestation for fiscal year 2022, if the Participant was otherwise required to do so.
ECIP remains actively engaged with ECIP participants, auditors and other stakeholders on the
issues and concerns that have been raised as it relates to the auditor attestation.

Please contact ecip@treasury.gov with any questions.

The ECIP team


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home.treasury.gov