US agencies release tough final audit services rules


Washington, DC -- US banking and thrift regulatory agencies have released the final version of new rules that will govern their ability to discipline independent public accountants and accounting firms that provide audit and attestation services for financial institutions.

The rules, which will take effect on October 1, give banking regulators wide ranging disciplinary powers. The powers include the ability to bar, suspend or remove an accountant or accounting firm from performing audit and

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