
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 42USC11334]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
                    CHAPTER 119--HOMELESS ASSISTANCE
 
  SUBCHAPTER III--FEDERAL EMERGENCY MANAGEMENT FOOD AND SHELTER PROGRAM
 
                    Part A--Administrative Provisions
 
Sec. 11334. Records and audit of National Board and recipients 
        of assistance
        

(a) Annual independent audit of National Board

    (1) The accounts of the National Board shall be audited annually in 
accordance with generally accepted auditing standards by independent 
certified public accountants or independent licensed public accountants 
certified or licensed by a regulatory authority of a State or other 
political subdivision of the United States. The audits shall be 
conducted at the place or places where the accounts of the National 
Board are normally kept. All books, accounts, financial records, 
reports, files, and all other papers, things, or property belonging to 
or in use by the National Board and necessary to facilitate the audits 
shall be made available to the person or persons conducting the audits, 
and full facilities for verifying transactions with any assets held by 
depositories, fiscal agents, and custodians shall be afforded to such 
person or persons.
    (2) The report of each such independent audit shall be included in 
the annual report required in section 11335 of this title. Such report 
shall set forth the scope of the audit and include such statements as 
are necessary to present fairly the assets and liabilities of the 
National Board, surplus or deficit, with an analysis of the changes 
during the year, supplemented in reasonable detail by a statement of the 
income and expenses of the National Board during the year, and a 
statement of the application of funds, together with the opinion of the 
independent auditor of such statements.

(b) Access to records of recipients of assistance

    (1) Each recipient of assistance under this subchapter shall keep 
such records as may be reasonably necessary to fully disclose the amount 
and the disposition by such recipient of the proceeds of such 
assistance, the total cost of the project or undertaking in connection 
with which such assistance is given or used, and the amount and nature 
of that portion of the cost of the project or undertaking supplied by 
other sources, and such other records as will facilitate an effective 
audit.
    (2) The National Board, or any of its duly authorized 
representatives, shall have access for the purpose of audit and 
examination to any books, documents, papers, and records of the 
recipient that are pertinent to assistance received under this 
subchapter.

(c) Authority of Comptroller General

    The Comptroller General of the United States, or any of the duly 
authorized representatives of the Comptroller General, shall also have 
access to any books, documents, papers, and records of the National 
Board and recipients for such purpose.

(Pub. L. 100-77, title III, Sec. 304, July 22, 1987, 101 Stat. 491.)
