N.J. Admin. Code § 3:29-1.1
Current through Register Vol. 56, No. 23, December 2, 2024
An audit of an association shall be performed by a competent accountant who is not an officer, director or employee of the association. For purposes of this section, a competent accountant is a certified public accountant, or an accounting firm licensed and/or registered in New Jersey or approved by the Commissioner. Choice of a competent auditor is the responsibility of the board of directors. If the board fails to provide for the making of a proper audit or if the required audit is not properly made, prepared or filed, the Commissioner is charged with the duty of making such audit or causing the same to be made.
N.J. Admin. Code § 3:29-1.1
See: 23 New Jersey Register 1485(b), 23 New Jersey Register 2306(a).
Further defined "competent accountant".