GroundRules
12 CFR 150.480: How do I report the results of the audit?
Where this section sits in the code
- Title 12—Banks and Banking
- CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY
- PART 150—FIDUCIARY POWERS OF FEDERAL SAVINGS ASSOCIATIONS
- Subpart B—Exercising Fiduciary Powers
(a) Annual audit. If you conduct an annual audit, you must note the results of the audit (including significant actions taken as a result of the audit) in the minutes of the board of directors.
(b) Continuous audit. If you adopt a continuous audit system, you must note the results of all discrete audits conducted since the last audit report (including significant actions taken as a result of the audits) in the minutes of the board of directors at least once during each calendar year.
Collected 2026-08-27T02:24:16Z. Source file · JSON