{"data":{"id":"us/12-cfr-1274.1","jurisdiction":"us","citation":"12 CFR 1274.1","heading":"Definitions.","body":"For purposes of this part:\nAudit 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.\nAudit 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.","path":["Title 12—Banks and Banking","CHAPTER XII—FEDERAL HOUSING FINANCE AGENCY","SUBCHAPTER D—FEDERAL HOME LOAN BANKS","PART 1274—FINANCIAL STATEMENTS OF THE BANKS"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"a55060d058fce33a1b43d565e50d8817d17795120a2f2cec6716b9549f678c4c","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-appendix-a-to-part-1273","next":"us/12-cfr-1274.2"},"notice":"GroundRules: Original legal text. Not legal advice."}