12 USC 5496a: Annual audits
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12 USC 5496a: Annual audits Text contains those laws in effect on November 20, 2024
From Title 12-BANKS AND BANKINGCHAPTER 53-WALL STREET REFORM AND CONSUMER PROTECTIONSUBCHAPTER V-BUREAU OF CONSUMER FINANCIAL PROTECTIONPart A-Bureau of Consumer Financial Protection
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§5496a. Annual audits

(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.

(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 .)


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.