Title 12 — Banks and BankingRelease 119-73
§4524 Audits by GAO
Title 12 › Chapter CHAPTER 46— - GOVERNMENT SPONSORED ENTERPRISES › Subchapter SUBCHAPTER I— - SUPERVISION AND REGULATION OF ENTERPRISES › Part Part A— - Financial Safety and Soundness Regulator › § 4524
Summary
The Comptroller General may audit how the Agency operates. Audits must follow the government's accepted auditing standards, and the Agency must give the Comptroller General access to all its records and property.
Full Legal Text
Title 12, §4524
Banks and Banking — Source: USLM XML via OLRC
The Comptroller General may audit the operations of the Agency, and any such audit shall be conducted in accordance with generally accepted Government auditing standards. All books, records, accounts, reports, files, and property belonging to, or used by, the Agency shall be made available to the Comptroller General.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
2008—Pub. L. 110–289 substituted “the Agency” for “the Office” in two places. 1996—Pub. L. 104–316, in first sentence, substituted “may audit” for “shall audit” and inserted “, and any such audit shall be conducted” after “Office”, and struck out at end “Audits under this section shall be conducted annually for the first 2 fiscal years following October 28, 1992, and as appropriate thereafter.”
Reference
Citations & Metadata
Citation
12 U.S.C. § 4524
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73