---
kind: "section"
citation: "12 C.F.R. § 263.401"
title: "12"
number: "263.401"
heading: "Definitions."
url: "https://uscodex.org/cfr/12/263.401"
---

# §263.401. Definitions.


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](/cfr/12/36.md) of the FDIA and [12 CFR part 363](/cfr/12/part363.md), 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](/cfr/12/36.md) or [part 363](/cfr/12/part363.md) 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](/cfr/12/36.md) or [part 363](/cfr/12/part363.md) 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.

## Notes

### Amendments

[56 FR 38052, Aug. 9, 1991, as amended at 76 FR 56605, Sept. 13, 2011]

### Source

Source: 68 FR 48267, Aug. 13, 2003, unless otherwise noted.

### Authority

Authority: 5 U.S.C. 504, 554-557; 12 U.S.C. 248, 324, 334, 347a, 504, 505, 1464, 1467, 1467a, 1817(j), 1818, 1820(k), 1829, 1831o, 1831p-1, 1832(c), 1847(b), 1847(d), 1884, 1972(2)(F), 3105, 3108, 3110, 3349, 3907, 3909(d), 4717, 5323, 5362, 5365, 5463, 5464, 5466, 5467; 15 U.S.C. 21, 78l(i), 78o-4, 78o-5, 78u-2; 1639e(K); 28 U.S.C. 2461 note; 31 U.S.C. 5321; and 42 U.S.C. 4012a.

### Source

Source: 56 FR 38052, Aug. 9, 1991, unless otherwise noted.

### Amendments

[56 FR 38052, Aug. 9, 1991, as amended at 76 FR 56605, Sept. 13, 2011]