§ 1773.30 General.  


Latest version.
  • (a) The CPA must prepare the following (examples of which are set forth in RUS Bulletin 1773-1):

    (1) An auditor's report;

    (2) A report on compliance and on internal control over financial reporting; and

    (3) A management letter.

    (b) The CPA should deliver the auditor's report, report on compliance and on internal control over financial reporting, and management letter (with copies as required in §1773.20) to the borrower as soon as possible after completion of the audit but not more than 90 days after the as of audit date.

    [56 FR 63360, Dec. 3, 1991, as amended at 63 FR 38723, July 17, 1998; 66 FR 27835, 27836, May 21, 2001]