---
kind: "section"
citation: "12 C.F.R. § 19.242"
title: "12"
number: "19.242"
heading: "Definitions."
url: "https://uscodex.org/cfr/12/19.242"
---

# §19.242. Definitions.


As used in this subpart, the following terms 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](/cfr/12/36.md) of the FDIA ([12 U.S.C. 1831m](/usc/12/1831m.md)) and [12 CFR part 363](/cfr/12/part363.md), including attestation services.
- (c) Independent public accountant (accountant) means any individual who performs or participates in providing audit services.

## Notes

### Authority

Authority: 5 U.S.C. 504, 554-557; 12 U.S.C. 93, 93a, 161, 164, 481, 504, 1462a, 1463(a), 1464; 1467(d), 1467a(r), 1817(j), 1818, 1820, 1831m, 1831o, 1832, 1884, 1972, 3102, 3108, 3110, 3349, 3909, 4717, and 5412(b)(2)(B); 15 U.S.C. 78 l, 78o-4, 78o-5, 78q-1, 78s, 78u, 78u-2, 78u-3, 78w, and 1639e; 28 U.S.C. 2461; 31 U.S.C. 330 and 5321; and 42 U.S.C. 4012a.

### Source

Source: 88 FR 89842, Dec. 28, 2023, unless otherwise noted.