12 CFR 1510.8 – What are the audit requirements for the Funding Corporation?
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The Funding Corporation must obtain an audit of its books and records by an independent external auditor at least annually.
Terms Used In 12 CFR 1510.8
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.