Title 36 — Patriotic and National ObservancesRelease 119-73
§10101 Audits
Title 36 › Subtitle Subtitle II— - Patriotic and National Organizations › Part Part A— - General › Chapter CHAPTER 101— - GENERAL › § 10101
Summary
Each part B corporation must have its financial statements audited every year by an independent certified or licensed public accountant, licensed or certified by a State or other U.S. political subdivision, using generally accepted auditing standards. The audit must be done where the records are kept, and the auditor must be allowed to see all records and property and use the facilities needed to verify transactions and balances held by banks, fiscal agents, or custodians. The corporation must send the audit report to Congress within 6 months after the fiscal year ends. The report must describe the audit and include fair statements of assets, liabilities, surplus or deficit and changes, a detailed income-and-expense statement including any commercial activities, and the auditor’s opinion. The report may not be printed for the public except as part of proceedings printed under section 1332 of title 44.
Full Legal Text
Title 36, §10101
Patriotic and National Observances — Source: USLM XML via OLRC
(a)Except as otherwise provided, the financial statements of each corporation in part B of this subtitle shall be audited annually in accordance with generally accepted auditing standards by an independent certified public accountant or independent licensed public accountant, certified or licensed by a regulatory authority of a State or other political subdivision of the United States. The audit shall be conducted where the financial statements of the corporation normally are kept. The person conducting the audit shall be given access to—
(1)all records and property owned or used by the corporation necessary to facilitate the audit; and
(2)full facilities for verifying transactions with the balances or securities held by depositories, fiscal agents, and custodians.
(b)(1)The corporation shall submit a report of the audit to Congress not later than 6 months after the close of the fiscal year for which the audit is made. The report shall describe the scope of the audit and include—
(A)statements necessary to present fairly the corporation’s assets, liabilities, and surplus or deficit, and an analysis of the changes in those amounts during the year;
(B)a statement in reasonable detail of the corporation’s income and expenses during the year including the results of any trading, manufacturing, publishing, or other commercial-type endeavor; and
(C)the independent auditor’s opinion of those statements.
(2)The report may not be printed as a public document, except as part of proceedings authorized to be printed under section 1332 of title 44.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large) 10101(a)36:1084 (less (b) (2d sentence cl. (2))).July 16, 1964, Pub. L. 88–378, § 14 (less (b) (2d sentence cl. (2))), 78 Stat. 327. 36:1101(1)–(76), (77) (related to Fleet Reserve Association).Aug. 30, 1964, Pub. L. 88–504, § 1(1)–(76), (77) (related to Fleet Reserve Association), 78 Stat. 635; Dec. 15, 1975, Pub. L. 94–151, § 2, 89 Stat. 809; Nov. 11, 1977, Pub. L. 95–167, § 2, 91 Stat. 1348; Dec. 29, 1979, Pub. L. 96–165, § 9(g), 93 Stat. 1272; Dec. 2, 1980, Pub. L. 96–489, § 11, 94 Stat. 2554; Dec. 4, 1980, Pub. L. 96–497, § 11, 94 Stat. 2596; Nov. 20, 1981, Pub. L. 97–82, § 11, 95 Stat. 1093; Nov. 20, 1981, Pub. L. 97–83, § 11, 95 Stat. 1095; June 1, 1982, Pub. L. 97–192, § 11, 96 Stat. 110; Aug. 9, 1982, Pub. L. 97–231, § 11, 96 Stat. 257; Aug. 10, 1982, Pub. L. 97–234, § 11, 96 Stat. 263; Jan. 8, 1983, Pub. L. 97–427, § 11, 96 Stat. 2266; Apr. 10, 1984, Pub. L. 98–257, § 11, 98 Stat. 128; June 12, 1984, Pub. L. 98–314, § 11, 98 Stat. 239; July 23, 1984, Pub. L. 98–372, § 11, 98 Stat. 1240; Aug. 17, 1984, Pub. L. 98–382, § 11, 98 Stat. 1345; Aug. 21, 1984, Pub. L. 98–391, § 11, 98 Stat. 1360; Oct. 19, 1984, Pub. L. 98–520, § 11, 98 Stat. 2429; Oct. 30, 1984, Pub. L. 98–561, § 12, 98 Stat. 2912; Oct. 30, 1984, Pub. L. 98–565, § 11, 98 Stat. 2921; Oct. 30, 1984, Pub. L. 98–584, § 11, 98 Stat. 3098; Oct. 7, 1985, Pub. L. 99–119, § 11, 99 Stat. 500; Dec. 9, 1985, Pub. L. 99–172, § 11, 99 Stat. 1022; May 23, 1986, Pub. L. 99–318, § 12, 100 Stat. 476; Nov. 6, 1986, Pub. L. 99–604, § 11, 100 Stat. 3448; Apr. 6, 1988, Pub. L. 100–281, § 12, 102 Stat. 75; Nov. 14, 1988, Pub. L. 100–655, title I, § 111, 102 Stat. 3851; Nov. 5, 1990, Pub. L. 101–510, title XVI, § 1611, 104 Stat. 1738; Dec. 10, 1991, Pub. L. 102–199, § 2, 105 Stat. 1629; Oct. 23, 1992, Pub. L. 102–484, title XVIII, §§ 1812, 1832, 106 Stat. 2583, 2585; Sept. 23, 1996, Pub. L. 104–201, title XVIII, § 1811, 110 Stat. 2762. 36:1102.Aug. 30, 1964, Pub. L. 88–504, §§ 2, 3, 78 Stat. 636. 36:1166.Aug. 11, 1971, Pub. L. 92–93, § 16, 85 Stat. 319. 36:1213(a).Oct. 20, 1978, Pub. L. 95–493, § 13(a), 92 Stat. 1646. 36:4315 (less (b) (2d sentence cl. (2))).July 14, 1964, Pub. L. 88–372, § 15 (less (b) (2d sentence cl. (2))), 78 Stat. 317. 36:4514 (less (b) (2d sentence cl. (2))).July 14, 1964, Pub. L. 88–376, § 14 (less (b) (2d sentence cl. (2))), 78 Stat. 323. 36:4610 (less (b) (2d sentence cl. (2))).Aug. 19, 1964, Pub. L. 88–449, § 10 (less (b) (2d sentence cl. (2))), 78 Stat. 498. 36:5206(a).Oct. 26, 1992, Pub. L. 102–522, § 207(a), 106 Stat. 3420. 36:5706(a).Oct. 11, 1996, Pub. L. 104–285, title II, § 207(a), 110 Stat. 3385. 10101(b)36:1103. In this section, the text of 36:1101 is omitted as unnecessary because of the addition of the words “Except as otherwise provided” in subsection (a) of this section. The text of 36:1166, 1213(a), and 5206(a) is omitted as unnecessary because of the restatement of 36:1102 and 1103 as general provisions covering, except as otherwise provided, all federally chartered corporations referred to in part B of subtitle II of the revised title. The text of 36:1084 (less (b) (2d sentence cl. (2))), 4315 (less (b) (2d sentence cl. (2))), 4514 (less (b) (2d sentence cl. (2))), and 4610 (less (b) (2d sentence cl. (2))) is omitted as unnecessary because of the restatement in this section of the general audit provisions of 36:1102 and 1103. In subsection (a), before clause (1), the words “Except as otherwise provided” are added because certain corporations referred to in part B of subtitle II of the revised title are not covered by the audit requirements restated in the revised section. The words “at the place or places” and “or persons” are omitted as unnecessary. The words “financial statements” are substituted for “accounts” to use the generally accepted term for audits conducted by public accountants. The words “shall be given access to” are substituted for “shall be made available to” and “shall be afforded to” for consistency. In clause (1), the words “records and property owned or used by” are substituted for “books, accounts, financial records, reports, files, and all other papers, things, or property belonging to or in use by” for consistency in the revised title and with other titles of the United States Code and to eliminate unnecessary words. In subsection (b)(1)(B), the words “supplemented . . . by” and “carried on by the corporation” are omitted as unnecessary.
Statutory Notes and Related Subsidiaries
Termination of Reporting RequirementsWith respect to corporations listed below, for termination, effective May 15, 2000, of reporting provisions in subsec. (b)(1) of this section, see section 3003 of Pub. L. 104–66, set out as a note under section 1113 of Title 31, Money and Finance, and pages 196 through 208 of House Document No. 103–7. Agricultural Hall of Fame American Chemical Society American Council of Learned Societies American Ex-Prisoners of War American Gold Star Mothers, Incorporated American Historical Association The American Legion The American National Theater and Academy The American Society of International Law American Symphony Orchestra League American War Mothers AMVETS (American Veterans) Army and Navy Union of the United States of America Aviation Hall of Fame Big Brothers-Big Sisters of America Blinded Veterans Association Blue Star Mothers of America, Inc. Board For Fundamental Education Boy Scouts of America Boys & Girls Clubs of America Catholic War Veterans of the United States of America, Incorporated Civil Air Patrol Congressional Medal of Honor Society of the United States of America Daughters of Union Veterans of the Civil War 1861–1865 Disabled American Veterans Former Members of Congress The Foundation of the Federal Bar Association Future Farmers of America General Federation of Women’s Clubs Girl Scouts of the United States of America Gold Star Wives of America Italian American War Veterans of the United States Jewish War Veterans of the United States of America, Incorporated Jewish War Veterans, U.S.A., National Memorial, Incorporated Ladies of the Grand Army of the Republic Legion of Valor of the United States of America, Incorporated Little League Baseball, Incorporated Marine Corps League The Military Chaplains Association of the United States of America Military Order of the Purple Heart of the United States of America, Incorporated National Academy of Public Administration National Academy of Sciences National Conference of State Societies, Washington, District of Columbia National Conference on Citizenship National Council on Radiation Protection and Measurements National Federation of Music Clubs National Fund for Medical Education National Mining Hall of Fame and Museum National Music Council National Safety Council National Ski Patrol System, Incorporated National Society, Daughters of the American Colonists The National Society of the Daughters of the American Revolution National Society of the Sons of the American Revolution National Tropical Botanical Garden National Woman’s Relief Corps, Auxiliary to the Grand Army of the Republic The National Yoemen F Naval Sea Cadet Corps Navy Club of the United States of America Navy Wives Clubs of America Non Commissioned Officers Association of the United States of America, Incorporated Paralyzed Veterans of America Pearl Harbor Survivors Association Polish Legion of American Veterans, U.S.A. Reserve Officers Association of the United States Sons of Union Veterans of the Civil War 369th Veterans’ Association United Service Organizations, Incorporated United States Capitol Historical Society United States Submarine Veterans of World War II Veterans of Foreign Wars of the United States Veterans of World War I of the United States of America, Incorporated Vietnam Veterans of America, Inc. Women’s Army Corps Veterans’ Association
Reference
Citations & Metadata
Citation
36 U.S.C. § 10101
Title 36 — Patriotic and National Observances
Last Updated
Apr 6, 2026
Release point: 119-73