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 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, bank holding company, or savings
and loan holding company that obtains audit services that are used to satisfy
requirements imposed by section 36 or part 363 on an insured subsidiary bank
or insured savings association of that holding company.
(d) Independent public accountant (accountant) means any
individual who performs or participates in providing audit
services.
