New Jersey Administrative Code
Title 3 - BANKING
Chapter 29 - AUDIT REQUIREMENTS OF STATE ASSOCIATIONS
Subchapter 1 - GENERAL PROVISIONS
Section 3:29-1.8 - Audit report must be certified and filed

Universal Citation: NJ Admin Code 3:29-1.8

Current through Register Vol. 56, No. 18, September 16, 2024

(a) The audit report must be certified to or sworn to by the person making such audit. Such certification shall include:

1. A statement that the audit was made in accordance with the provisions of the 17:12B-176 and the rules of the Commissioner of Banking and Insurance of this State of New Jersey; and

2. A statement that the financial statements contained in the audit report present fairly the financial position of the association at the audit date and its operations for the periods reported upon.

(b) The statements required by (a)1 and 2 above may be submitted in a separate report or made a part of the report upon review of the association's internal accounting control, so long as the statements are submitted within 14 calendar days after submission of the report.

(c) If an association is required to perform and file an audit based on the regulations of the Federal Deposit Insurance Corporation, a copy of any such audit shall be simultaneously filed with the Department at:

Department of Banking and Insurance

Division of Banking - Depositories

P.O. Box 40

Trenton, NJ 08625-0040.

Such filing shall satisfy the audit requirements of this chapter.

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