Sec. 57.76. ANNUAL AUDIT

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(a) At least once each year the corporation shall have a fiscal audit performed by a certified public accountant.
(b) A copy of the annual audit shall be submitted to the state auditor for review. The state auditor may:
(1) examine any working papers from the annual audit; and
(2) conduct a separate audit if, after reviewing the independent audit, the state auditor considers a separate audit necessary.

Added by Acts 1979, 66th Leg., p. 1711, ch. 706, Sec. 1, eff. Aug. 27, 1979. Amended by Acts 1985, 69th Leg., ch. 871, Sec. 4, eff. Aug. 26, 1985; Acts 1989, 71st Leg., ch. 985, Sec. 18, eff. Sept. 1, 1989.

                    
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