Audit of books and accounts.
1. Each association shall, at least once each year, cause its books and accounts to be audited at its own expense by a certified public accountant or firm of such accountants selected by the association and approved by the Commissioner.
2. The Commissioner may prescribe the scope of the audit.
3. A certified copy of the audit, including the management and internal control letters relating to the audit, must be furnished to the Commissioner.
Last modified: February 26, 2006