Title 12, Banks and BankingRelease 119-110
§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
Summary
The Bureau must get an outside audit each year to check how it operates and spends money, and the Comptroller General of the United States must also perform an annual audit of the Bureau’s financial statements using standard government accounting rules.
Full Legal Text
Title 12, §5496a
Banks and Banking, Source: USLM XML via OLRC
(a)Annual independent audit
The Bureau shall order an annual independent audit of the operations and budget of the Bureau.
(b)Annual GAO audit
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
Sep 22, 2026
Release point: 119-110