Section 263.401 - DefinitionsAs 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, 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.56 FR 38052, Aug. 9, 1991, as amended at 76 FR 56605, Sept. 13, 2011