Each Farm Credit institution must ensure the independence of all qualified public accountants conducting the institution's audit by establishing and maintaining policies and procedures governing the engagement of external auditors. The policies and procedures must incorporate the provisions of this subpart and § 612.2180 of this chapter.
[71 FR 76120, Dec. 20, 2006, as amended at 86 FR 58559, Oct. 22, 2021]
authority: Secs. 5.17, 5.19, 5.22A, 8.11 of the Farm Credit Act (
12 U.S.C. 2183,
2202,
2202a,
2202d,
2252,
2257a,
2279aa; Pub. L. 102-552, 106 Stat. 4102, 4134
source: 58 FR 48786, Sept. 20, 1993, unless otherwise noted.
cite as: 12 CFR 621.30