§11334 Records and audit of National Board and recipients of assistance

Summary

The National Board must have its accounts checked every year by independent, licensed public accountants using normal professional auditing rules. The audits must happen where the Board keeps its records. The Board must give auditors access to all books, records, files, and anything else needed, and must let auditors verify transactions with banks, agents, or custodians. The auditor’s report must go into the Board’s yearly report and must explain what was checked and show the Board’s assets and debts, any surplus or deficit and how those changed, the year’s income and expenses, how funds were used, and the auditor’s opinion. Any group that gets money under this law must keep records that show how much they got, how they spent it, the total cost of the project, and how much came from other sources. The National Board and the Comptroller General (or their authorized people) may inspect and audit the Board’s and recipients’ books and records.