FEDERAL · 12 U.S.C. · Chapter 53

Annual audits

Current through Pub. L. 119-102
Title 12Banks and Banking·Ch. 53 — WALL STREET REFORM AND CONSUMER PROTECTION·Subch. V·Pt. A
(a)Annual independent audit The Bureau shall order an annual independent audit of the operations and budget of the Bureau.
(b)Annual GAO audit The Comptroller General of the United States shall conduct an annual audit of the Bureau's financial statements in accordance with generally accepted government accounting standards.

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12 U.S.C. § 5496a (Annual audits) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related

Consumer Financial Protection Bureau v. Future Income Payments, LLC
252 F. Supp. 3d 961 (C.D. California, 2017)
3 case citations

Source Credit

History

(Pub. L. 111–203, title X, §1016A, as added Pub. L. 112–10, div. B, title V, §1573(a), Apr. 15, 2011, 125 Stat. 138.)

Editorial Notes

Statutory Notes and Related Subsidiaries

Initial Audits
Pub. L. 112–10, div. B, title V, §1573(c), Apr. 15, 2011, 125 Stat. 139, provided that the initial audits under this section were to be completed not later than the end of the 180-day period beginning on Apr. 15, 2011.