22-U.S.C.-283J-1
§283J-1 – §283J-1. Audit
Pathway
Title 22 > Chapter 7 > Subchapter XII > Section 283j-1
Details
- Reference: Section 283j-1
- Legend: §283J-1 – §283J-1. Audit
- USCode Year: 2013
Provision Content
(a) Establishment
The Secretary of the Treasury shall instruct the United States Executive Director to propose the establishment by the Board of Executive Directors of a program of selective but continuing independent and comprehensive audit of the Inter-American Development Bank, in accordance with such terms of reference as the Board of Executive Directors itself (or through a subcommittee), may prescribe. Such proposal shall provide that the audit reports be submitted to the Board of Executive Directors and to the Board of Governors.
(b) Scope and standards
The Secretary of the Treasury shall prepare the scope of the audit and the auditing and reporting standards for the use of the United States Executive Director in assisting in the formulation of the terms of reference.
(c) Reports
The reports of the National Advisory Council on International Monetary and Financial Policies to the Congress shall include, among other things, an appraisal of the effectiveness of the implementation and administration of the loans made by the Bank based upon the audit reports. The Comptroller General may review the reports of audit and findings issued and report to the Secretary of the Treasury and the Congress any suggestions he might have in improving the scope of the audit or auditing and reporting standards of the independent auditing firm, group, or staff.
(Pub. L. 86–147, §14, as added Pub. L. 90–88, §1, Sept. 22, 1967, 81 Stat. 227; amended Pub. L. 104–316, title I, §111(b), Oct. 19, 1996, 110 Stat. 3833.)
Amendments
1996—Subsec. (b). Pub. L. 104–316 substituted Secretary of the Treasury shall prepare for Comptroller General of the United States shall prepare for the Secretary of the Treasury.
Subsec. (c). Pub. L. 104–316 substituted may review for shall periodically review in second sentence.
U.S. Encyclopedia of Law Coverage
Subchapter XII – Inter-American Development Bank in the Legal Encyclopedia: Foreign Relations
In this entry about Subchapter XII – Inter-American Development Bank, find legal reference material, bibliographies and premiere content related to foreign relations in the American Encyclopedia of Law, presenting a comprehensive view of the United States foreign relations-specific issues, written by authorities in the field.
22-U.S.C.-282J in the Legal Encyclopedia: International Finance
In this entry about 22-U.S.C.-282J, find legal reference material, bibliographies and premiere content related to international finance in the American Encyclopedia of Law, presenting a comprehensive view of the United States international finance-specific issues, written by authorities in the field.
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