[Code of Federal Regulations]
[Title 12, Volume 1]
[Revised as of January 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR19.245]

[Page 284]
 
                       TITLE 12--BANKS AND BANKING
 
   CHAPTER I--COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY
 
PART 19_RULES OF PRACTICE AND PROCEDURE--Table of Contents
 
    Subpart P_Removal, Suspension, and Debarment of Accountants From 
                        Performing Audit Services
 
Sec. 19.245  Notice of removal, suspension or debarment.

    (a) Notice to the public. Upon the issuance of a final order for 
removal, suspension, or debarment of an independent public accountant or 
accounting firm from providing audit services, the Comptroller shall 
make the order publicly available and provide notice of the order to the 
other Federal banking agencies.
    (b) Notice to the Comptroller by accountants and firms. An 
accountant or accounting firm that provides audit services to a national 
bank must provide the Comptroller with written notice of:
    (1) Any currently effective order or other action described in 
Sec. Sec. 19.243(a)(1)(vi) through (a)(1)(vii) or Sec. Sec. 
19.244(a)(2) through (a)(3); and
    (2) Any currently effective action by the Public Company Accounting 
Oversight Board under sections 105(c)(4)(C) or (G) of the Sarbanes-Oxley 
Act) (15 U.S.C. 7215(c)(4)(C) or (G)).
    (c) Timing of notice. Written notice required by this paragraph 
shall be given no later than 15 calendar days following the effective 
date of an order or action, or 15 calendar days before an accountant or 
firm accepts an engagement to provide audit services, whichever date is 
earlier.