The Federal Reserve Banks determine which organizations will be subject to a standard or independent assessment based on a variety of factors and criteria and these factors may change from time to time. Factors may include, but are not limited to: FedLine Solutions and specific products used, payment volumes and thresholds, and current threat and risk factors. These factors are reviewed and evaluated periodically and may change over time.
If your institution is designated to complete an independent assessment or review, you can find this information in black bold text in the body of the email you received with your Assurance Program materials.
Additionally, your organization’s attestation statement will include terms that your attesting official is asserting that an independent assessment was performed, where required.