N.J. Admin. Code § 3:29-1.8

Current through Register Vol. 56, No. 23, December 2, 2024

Section 3:29-1.8 - Audit report must be certified and filed

(a) The audit report must be certified to or sworn to by the person making such audit. Such certification shall include:

1. A statement that the audit was made in accordance with the provisions of the 17:12B-176 and the rules of the Commissioner of Banking and Insurance of this State of New Jersey; and

2. A statement that the financial statements contained in the audit report present fairly the financial position of the association at the audit date and its operations for the periods reported upon.

(b) The statements required by (a)1 and 2 above may be submitted in a separate report or made a part of the report upon review of the association's internal accounting control, so long as the statements are submitted within 14 calendar days after submission of the report.

(c) If an association is required to perform and file an audit based on the regulations of the Federal Deposit Insurance Corporation, a copy of any such audit shall be simultaneously filed with the Department at:

Department of Banking and Insurance

Division of Banking - Depositories

P.O. Box 40

Trenton, NJ 08625-0040.

Such filing shall satisfy the audit requirements of this chapter.

N.J. Admin. Code § 3:29-1.8

Amended by R.1991 d.418, effective 8/5/1991.
See: 23 N.J.R. 1485(b), 23 N.J.R. 2306(a).
Established at (b), statements may be submitted separate from report but a 14 day submission deadline is attached.
Amended by R.1996 d.519, effective 11/4/1996.
See: 28 N.J.R. 3696(a), 28 N.J.R. 4781(a).
Amended by R.2007 d.300, effective 10/1/2007.
See: 39 N.J.R. 1339(a), 39 N.J.R. 4112(b).
Section was "Audit report must be certified". Added (c).