New Jersey Administrative Code
Title 3 - BANKING
Chapter 7 - SAFE AND SOUND METHODS OF BANKING
Subchapter 3 - EXAMINATION OF BANKS AND SAVINGS BANKS UNDER DIRECTION OF BOARD OF DIRECTORS, BOARD OF MANAGERS OR BOARD OF TRUSTEES
Section 3:7-3.5 - Confirmation by internal auditors

The Commissioner may, in writing, excuse a bank from compliance with the foregoing confirmation program if it furnishes the Department with satisfactory proof that its own internal auditors have the capacity to perform the confirmation program, as part of their internal audit program. If such permission is granted, the internal auditor will be required to file annually, in the Department, a recapitulation of the results of his or her confirmation program.