2014 US Code
Title 12 - Banks and Banking (Sections 1 - 5710)
Chapter 53 - Wall Street Reform and Consumer Protection (Sections 5301 - 5641)
Subchapter V - Bureau of Consumer Financial Protection (Sections 5481 - 5603)
Part A - Bureau of Consumer Financial Protection (Sections 5491 - 5497)
Sec. 5496a - Annual audits
| Publication Title | United States Code, 2012 Edition, Supplement 2, Title 12 - BANKS AND BANKING |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 12 - BANKS AND BANKING CHAPTER 53 - WALL STREET REFORM AND CONSUMER PROTECTION SUBCHAPTER V - BUREAU OF CONSUMER FINANCIAL PROTECTION Part A - Bureau of Consumer Financial Protection Sec. 5496a - Annual audits |
| Contains | section 5496a |
| Date | 2014 |
| Laws In Effect As Of Date | January 5, 2015 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | 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. |
| Statutes at Large References | 125 Stat. 138, 139 |
| Public and Private Laws | Public Law 111-203, Public Law 112-10 |
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The Bureau shall order an annual independent audit of the operations and budget of the Bureau.
(b) Annual GAO auditThe Comptroller General of the United States shall conduct an annual audit of the Bureau's 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 AUDITSPub. 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]."
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