46 NAC 3-003. QUALIFICATIONS

003 QUALIFICATIONS. 003.01 A certified public accountant is deemed to be a person who is duly registered and is in good standing under the Nebraska Public Accountancy Act. 003.02 In the event the Supervisory Committee does not elect to provide for an annual audit by a certified public accountant or a certified public accounting firm, it must of itself make a thorough audit of the books, records, funds, and securities held by the credit union. This audit must be conducted in accordance with the provisions of this Rule. The Supervisory Committee may assign the performance of such an audit to one or more persons who may not necessarily be a member of such committee, provided that the report compiled thereof is made in accordance with this Rule and is verified as to its correctness and signed by a majority of the Supervisory Committee so attesting. 003.03 The audit report is to be made a part of the record of the credit union in accordance with Section 21-1771.