California Financial Code

§ 14252

FIN § 14252 Effective Jan 1, 2017Div. 5 · Ch. 3 · Art. 2

Statute text

(a)A credit union with total assets equal to or greater than ten million dollars ($10,000,000) shall, within 105 days after the end of each fiscal year or within any extended time that the commissioner may specify, file with the commissioner an audit report for the fiscal year.

(b)The audit report called for in subdivision (a) shall comply with all of the following provisions:

(1)The audit report shall contain the audited financial statements of the credit union for, or as of the end of, the fiscal year, prepared in accordance with generally accepted accounting principles that the commissioner may specify, and any other information that the commissioner may specify.

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Legislative history

Amended by Stats. 2016, Ch. 353, Sec. 2. (AB 2274) Effective January 1, 2017.