Okla. Stat. tit. 18, § 18-381.31a: Examination of association affairs by board of

directors.

The board of directors of every association shall examine, at

least once in each calendar year at intervals of not more than

fifteen (15) months, all the affairs of the association including

the character and value of investments and loans, the efficiency of

operating procedures, and such other matters as the Commissioner

prescribes. A report of the examination shall be submitted promptly

to the Commissioner and shall embody such information as the

Commissioner requires. The board of directors may provide that such

examination shall be conducted by a committee of not less than three

directors, by certified public accountants, or by independent

auditors responsible only to the board of directors. Such

examination shall be made when practicable without the assistance of

the executive officers of the bank or trust company. Such report of

examination shall be reviewed by the directors at the next meeting

of the board of directors.