The rule specifies the minimum annual
audit a credit union is required to obtain according to its charter
type and asset size, the licensing authority required of persons
performing certain audits, the auditing principles that apply to
certain audits, and the accounting principles that must be followed
in reports filed with the NCUA Board.
US Code:
12
USC 1761(d) Name of Law: Supervisory committee; powers and
duties; supervisory members; passbook
Adjustments in the number of
credit unions reflect a decrease from the previous submission and
recordkeeping requirements associated with the membership
verification under §715.8, are now included (previously
omitted).
$0
No
No
No
No
No
Uncollected
Scott Neat 703 518-6363
No
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.