6.2-1356 - (Effective October 1, 2010) Special audit.
§ 6.2-1356. (Effective October 1, 2010) Special audit.
The Commissioner may require a credit union to have an independent audit madeof its books, records, and methods of operation by a certified publicaccountant or other qualified person or firm approved by the Commissioner,whenever it appears to the Commissioner that (i) the system of internalcontrols pertaining to the credit union is not adequate, (ii) the creditunion is engaging in unsafe or unsound practices, or (iii) the financialcondition of the credit union makes such an audit necessary.
(1976, c. 658, § 6.1-213.1; 1990, c. 373, § 6.1-225.39; 2010, c. 794.)