§11334 Records and Audit of National Board and Recipients of Assistance

Summary

The National Board must have its finances checked every year by independent certified or licensed accountants. Audits must happen where the Board keeps its records, and the Board must give auditors all books, files, and access to bank or custodian records needed to verify transactions. The audit must be included in the Board’s annual report required under section 11335 and must show what was checked, the Board’s assets and debts, any surplus or deficit and how it changed, income and expenses, how funds were used, and the auditor’s opinion. Anyone who gets money under this law must keep records showing how much they received, how it was spent, the project’s total cost, other funding sources, and other records needed for an audit. The National Board and its authorized representatives may inspect those records for audit. The Comptroller General of the United States, or the Comptroller’s authorized representatives, may also inspect the Board’s and recipients’ books and records.