9-4-810 - Annual reports and audits. - Tennessee Statutes

9-4-810. Annual reports and audits.

The trust company shall promptly, following the close of each fiscal year, submit an annual statement of operations to the board of directors for inclusion in the state treasurer's annual report. An audit of the trust company's records and accounts shall be made in conjunction with the periodic audits of the department of the treasury by the comptroller of the treasury. All audits performed by the internal audit staff of the trust company shall be conducted in accordance with the standards established by the comptroller of the treasury pursuant to § 4-3-304(9).

[Acts 1985, ch. 118, § 62.]