N.Y. Comp. Codes R. & Regs. tit. 9 § 1728-2.1

Current through Register Vol. 46, No. 25, June 18, 2024

Section 1728-2.1 - Books and records

(a) Each housing company shall keep its books and records in accordance with a chart of accounts as prescribed by the division, except those projects whose mortgages are federally insured by the Federal Housing Administration. Where mortgages are so insured, the books and records shall be kept in accordance with those requirements.

(b) Each housing company shall retain an independent certified public accountant. However, no accountant shall be engaged without prior written approval of the division. The request for approval shall state the audit procedure to be followed, the period of the engagement (ordinarily not more than one year) and the fee to be charged.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 1728-2.1