(a) Notice to the public. Upon the issuance of a final order for
removal, suspension, or debarment of an independent public accountant
or accounting firm from providing audit services, the Board shall
make the order publicly available and provide notice of the order
to the other federal banking agencies.
(b) Notice to the Board by accountants and firms. An accountant or accounting firm that provides audit services to
a banking organization must provide the Board with written notice
of:
(1) Any currently effective
order or other action described in section 263.402(a)(1)(vi) through
(a)(1)(vii) or section 263.403(a)(2) through (a)(3); and
(2) Any currently effective
action by the Public Company Accounting Oversight Board under section
105(c)(4)(C) or (G) of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 7215(c)(4)(C)
or (G)).
(c) Timing of notice. Written notice required
by this paragraph shall be given no later than 15 calendar days following
the effective date of an order or action, or 15 calendar days before
an accountant or firm accepts an engagement to provide audit services,
whichever date is earlier.
