45 Neb. Admin. Code, ch. 13, § 002 - BOARD OF DIRECTORS' RESPONSIBILITY

002.01 Neb. Rev. Stat. § 8-124 provides that the Board of Directors of a bank may accept one annual audit by an accountant or accounting firm approved by the Department in lieu of the required annual examination by the Board of Directors.

002.02 The Board of Directors may adopt minimum Standards for Acceptability and Scope of Examination as outlined in this Rule or adopt external auditing programs identified in the "Interagency Policy Statement on External Auditing Programs of Banks and Savings Associations [Oct. 15, 1999]."

Notes

45 Neb. Admin. Code, ch. 13, § 002

Adopted effective 11/25/2023