2005 Idaho Code - 26-1109 — BOOKS AND ACCOUNTS

                                  TITLE  26
                              BANKS AND BANKING
                                  CHAPTER 11
                     SUPERVISION BY DEPARTMENT OF FINANCE
    26-1109.  BOOKS AND ACCOUNTS. Whenever it appears to the department of
finance that any bank does not keep books and accounts in such manner as to
enable it to readily ascertain the true condition of such bank, or that such
books and accounts are not kept in a manner which will minimize, as far as
possible, loss through dishonesty of its officers or employees or otherwise,
the department shall have power to require the officers of such bank or any of
them, to open and keep such books or accounts as the department may, in its
discretion, determine and prescribe for the purpose of keeping accurate and
convenient records of the transactions and accounts of such bank.
    The directors of any bank shall, within ten (10) days from receipt by the
bank of a written statement from the department that the bank's internal
auditing procedures are inadequate or deficient in any respect in the opinion
of the department, retain, at the bank's sole expense, an independent licensed
certified public accountant, approved by the director, to forthwith make an
audit of the bank, and upon completion thereof a certified copy of the audit
shall be delivered to the department.