12-U.S.C.-5496A

§5496A – Annual Audits

Pathway

Title 12 > Chapter 53 > Subchapter V > Part A > Section 5496a

Details

• Reference: Section 5496a
• Legend: §5496A – Annual Audits
• USCode Year: 2013

Provision Content

(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 Bureaus 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.)

Initial Audits

Pub. L. 112–10, div. B, title V, §1573(c), Apr. 15, 2011, 125 Stat. 139, provided that: The initial audits described under section 1016A of the Consumer Financial Protection Act of 2010 [12 U.S.C. 5496a] shall be completed not later than the end of the 180-day period beginning on the date of the enactment of this Act [Apr. 15, 2011].

U.S. Encyclopedia of Law Coverage

12-U.S.C.-5401 in the Legal Encyclopedia: Banking Law

In this entry about 12-U.S.C.-5401, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.

12-U.S.C.-5493 in the Legal Encyclopedia: Banking Reform

In this entry about 12-U.S.C.-5493, find legal reference material, bibliographies and premiere content related to banking reform in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking reform-specific issues, written by authorities in the field.

Topic Map

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