                                 CODE OF VIRGINIA

SPECIAL AUDIT (§ 6.2-1356)

The Commissioner may require a credit union to have an independent audit made of
its books, records, and methods of operation by a certified public accountant or
other qualified person or firm approved by the Commissioner, whenever it appears
to the Commissioner that (i) the system of internal controls pertaining to the
credit union is not adequate, (ii) the credit union is engaging in unsafe or
unsound practices, or (iii) the financial condition of the credit union makes
such an audit necessary.

HISTORY: 1976, c. 658, § 6.1-213.1; 1990, c. 373, § 6.1-225.39; 2010, c. 794.