P.R. Laws tit. 5, § 1415
The Comptroller of Puerto Rico or his authorized representatives must audit the accounts and books of the Puerto Rico Farm Insurance Corporation pursuant to the law, as well as the income and expenditures, contracts, leases, fund amortizations, investments and other matters related to its financial situation over which the Controller is vested with authority, in accordance with the law. Furthermore, the Board of Directors shall annually order an independent audit of the Corporation, that must be done by independent certified public accountants. In said audit the generally-accepted accounting principles for insurance programs shall be observed.
History —Dec. 12, 1966, No. 12, p. 62, § 15, renumbered as § 16 and amended on Aug. 11, 1988, No. 166, p. 718, § 17.