§ 150.480. How do I report the results of the audit?
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/us/cfr/t12/s§ 150.480·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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.
(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.
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§ 150.480
How do I report the results of the audit?
Fed. Reg.×4
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