Title 12 — Banks and BankingRelease 119-73not60

§5496a Annual Audits

Title 12 › Chapter 53— WALL STREET REFORM AND CONSUMER PROTECTION › Subchapter V— BUREAU OF CONSUMER FINANCIAL PROTECTION › Part A— Bureau of Consumer Financial Protection › § 5496a

Last updated Apr 3, 2026|Official source

Summary

Yearly outside audit of Bureau operations and budget; the Comptroller General must audit its financial statements to government accounting standards.

Full Legal Text

Title 12, §5496a

Banks and Banking — Source: USLM XML via OLRC

(a)The Bureau shall order an annual independent audit of the operations and budget of the Bureau.

(b)The Comptroller General of the United States shall conduct an annual audit of the Bureau’s financial statements in accordance with generally accepted government accounting standards.

Legislative History

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Initial Audits Pub. L. 112–10, div. B, title V, § 1573(c), Apr. 15, 2011, 125 Stat. 139, provided that the initial audits under this section were to be completed not later than the end of the 180-day period beginning on Apr. 15, 2011.

Reference

Citations & Metadata

Citation

12 U.S.C. § 5496a

Title 12 — Banks and Banking

Last Updated

Apr 3, 2026

Release point: 119-73not60