Each association shall at least once in each year cause its books and accounts to be audited at its own expense by a certified public accountant or firm of certified public accountants selected by the association and approved by the commissioner. The annual audit shall cover the twelve (12) months ending on the last day of its fiscal year, unless the commissioner prescribes a different period for any association.
Structure 2021 Tennessee Code
Title 45 - Banks and Financial Institutions
Chapter 3 - Savings and Loan Associations
§ 45-3-801. Supervision of Associations
§ 45-3-803. Forms — Records — Accounting Practices
§ 45-3-804. Misdescription of Assets
§ 45-3-805. Charging Off or Setting Up Reserves Against Bad Assets
§ 45-3-806. Reproduction and Destruction of Records
§ 45-3-813. Commissioner Authorized to Have Appraisals Made at Expense of Association
§ 45-3-815. Access to Records — Summons — Oaths and Examination of Witnesses
§ 45-3-816. Additional Supervisory Powers
§ 45-3-818. Commissioner May Order Any Association to Discontinue Any Illegal Practice
§ 45-3-819. Removal of Directors, Officers, and Employees Participating in Violations