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US bank regulators jointly adopt rules on bank audits

  • United States (old) Image

11 Aug 2003

The United States Comptroller of the Currency, Federal Reserve Board, Federal Deposit Insurance Corporation, and Treasury Department Office of Thrift Supervision have jointly adopted rules and procedures for the removal, suspension, or debarment of independent public accountants and their accounting firms from performing independent audit and attestation services to banks operating in the United States.

The rules apply to branches and agencies of foreign banks. Click for Press Release (PDF 16k) and Full Text of Rules (PDF 265k).

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