12 CFR 1274.1 - Definitions.
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For purposes of this part:
Audit means an examination of the financial statements by an independent accountant in accordance with generally accepted auditing standards for the purpose of expressing an opinion thereon.
Audit report means a document in which an independent accountant indicates the scope the audit made and sets forth an opinion regarding the financial statement taken as a whole, or an assertion to the effect that an overall opinion cannot be expressed. When an overall opinion cannot be expressed, the reasons therefor shall be stated.
Bank System means the Federal Home Loan Bank System, consisting of the twelve Banks and the Office of Finance.
Financing Corporation or FICO means the Financing Corporation established and supervised by FHFA under section 21 of the Bank Act (12 U.S.C. 1441).
Title 12 published on 2014-01-01
no entries appear in the Federal Register after this date.