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Federal banking agencies adopt rules concerning discipline of auditors.


Final rules spelling SPELLING, The art of putting the proper letters in words.
     2. It is a rule that when it appears with certainty what is meant, bad spelling will not avoid a contract; for example, where a man agreed to pay thirty pounds, he was held bound to pay thirty pounds;
 out the disciplinary actions the four federal banking agencies may impose on independent public accountants and accounting firms that perform audit and attestation services Noun 1. attestation service - a consulting service in which a CPA expresses a conclusion about the reliability of a written statement that is the responsibility of someone else
attestation report
 on insured The person who obtains or is otherwise covered by insurance on his or her health, life, or property. The insured in a policy is not limited to the insured named in the policy but applies to anyone who is insured under the policy.


insured n.
 financial institutions with assets greater than $500 million required under the Federal Deposit Insurance Act were released Aug. 8. The rules, which will take effect Oct. 1, are available at www.fdic.gov/news/news/press/2003/pr7703.html.
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Title Annotation:accounting & auditing news; Federal Banking Agencies
Publication:CPA Letter
Article Type:Brief Article
Date:Sep 1, 2003
Words:68
Previous Article:PCAOB registration deadline fast approaching; auditors of non-public broker-dealers get extension to 2005.(accounting & auditing news)(Brief Article)
Next Article:Two exposure drafts of proposed SOPs issued.(accounting & auditing news)(Statement of Position)(Audit and Accounting Guide)
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