What standards govern the conduct of the audit?

§ 150.450 What standards govern the conduct of the audit? 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: (a) You are administering fiduciary activities in accordance with applicable law. (b) You are properly safeguarding fiduciary assets. (c) You are accurately recording transactions in appropriate accounts in a timely manner.