{"data":{"id":"us/12-cfr-150.480","jurisdiction":"us","citation":"12 CFR 150.480","heading":"How do I report the results of the audit?","body":"(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.\n(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.","path":["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"],"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":"c03f41f795f9d8932df268e92b93d0f3d9bd8f14a1c8e8be574aa64fb80913bc","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-150.470","next":"us/12-cfr-150.490"},"notice":"GroundRules: Original legal text. Not legal advice."}