12 C.F.R. § 263.401 Definitions.
Title 12 - Banks and Banking
As used in this subpart, the following terms shall have the meaning given below unless the context requires otherwise: (a) Accounting firm means a corporation, proprietorship, partnership, or other business firm providing audit services. (b) Audit services means any service required to be performed by an independent public accountant by section 36 of the FDIA and 12 CFR part 363, including attestation services. Audit services include any service performed with respect to the holding company of an insured bank that is used to satisfy requirements imposed by section 36 or part 363 on that bank. (c) Banking organization means an insured state member bank or a bank holding company that obtains audit services that are used to satisfy requirements imposed by section 36 or part 363 on an insured subsidiary bank of that holding company. (d) Independent public accountant (accountant) means any individual who performs or participates in providing audit services.
Title 12: Banks and Banking
PART 263—RULES OF PRACTICE FOR HEARINGS
Subpart J—Removal, Suspension, and Debarment of Accountants From Performing Audit Services
§ 263.401 Definitions.
