RCON6724: Audit Indicator
RCON6724 is the call report code for audit indicator, reported on Schedule RC, Balance Sheet. For Q2 2026, 2 banks reported it; the median nonzero value was 5. The largest value reported for Q2 2026 was 6, by The Bank of Tescott.
Definition
A one-digit number indicating the description of the most comprehensive level of auditing work performed for the bank by independent external auditors as of any date during 1987 and subsequent years thereafter. 2 = Independent audit of the bank's parent holding company conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the consolidated holding company (but not on the bank separately) (for the branch or agency conducted in accordance with home country auditing standards by an independent accounting firm) 3 = Directors' examination of the bank conducted in accordance with generally accepted auditing standards by a certified public accounting firm (may be required by state chartering authority) (for the branch or agency by external auditors, as part of the audit of the parent organization) 4 = Directors' examination of the bank performed by other external auditors (may be required by state chartering authority) (for the branch or agency by internal auditors) 5 = Review of the bank's or branch's or agency's financial statements by external auditors 6 = Compilation of the bank's financial statements by external auditors (for the branch or agency 6 = other audit procedures) 7 = Other audit procedures (excluding tax preparation work) (for the branch or agency 7 = no audit or independent review) 8 = No external audit work
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCON6724 sits on the call report
| Code | RCON6724 (prefix RCON, item 6724) |
|---|---|
| Prefix RCON | Domestic offices. Banks without foreign offices (FFIEC 041 and 051 filers) report their whole balance sheet in RCON items. |
| Schedule | RC, Balance Sheet |
| Reported on | FFIEC 041, FFIEC 051 |
| Value | Count or number, as of the quarter end |
| In the MDRM since | 1988 |
The same item under other prefixes
Item 6724 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCFD6724 | The consolidated bank, domestic and foreign offices, reported by FFIEC 031 filers (banks with foreign offices) | — |
Largest reported values, Q2 2026
| Bank | Headquarters | RCON6724 |
|---|---|---|
| The Bank of Tescott | Tescott, KS | 6 |
| The Commercial Bank of Ozark | Ozark, AL | 4 |
Related
All codes on Schedule RC · All call report schedules · Find the code for a loan type · What a call report is