Ala. Code § 23-7-15
Current through the 2024 Regular Session.
Following the close of each state fiscal year, the bank shall submit an annual report of its activities for the preceding year to the Governor and to the Legislature. The report may be incorporated into the annual report required pursuant to Section 23-1-35 or may be prepared as a separate document. The bank also shall submit an annual report to the appropriate federal agency in accordance with requirements of any federal program. An independent certified public accountant or the Department of Examiners of Public Accounts shall perform an audit of the books and accounts of the bank at least once in each state fiscal year.
Ala. Code § 23-7-15 (1975)