Mich. Admin. Code R. 451.1228 - Financial reports; audit
Rule 8.
(1) The
department may at any time require the filing of special financial or other
operational reports if it finds that such filing is in the public interest and
for the protection of debtors.
(2)
If a firm services more than 100 debtors, an audit is required of the firm
annually. The audit must be done pursuant to an approved audit plan submitted
by an independent accountant and accepted by the department in
writing.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.