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U.S. Code as of:
01/19/04
Section 1833c. Comptroller General audit and access to records
(a) Audit of agencies or other persons performing functions under
banking laws
(1) In general
Except as provided in paragraph (2), all agencies,
corporations, organizations, and other persons of any description
which perform any function or activity under this Act, or any
other Act which is amended by this Act, shall be subject to audit
by the Comptroller General of the United States with respect to
such function or activity.
(2) Exceptions
Paragraph (1) shall not apply to -
(A) any function or activity of the Board of Governors of the
Federal Reserve System or the Federal Reserve banks that is
described in any paragraph of section 714(b) of title 31; and
(B) any function or activity of the Federal National Mortgage
Association, except as provided in section 1723a(j) of this
title.
(b) Audit of persons providing certain goods or services
All persons and organizations which, by contract, grant, or
otherwise, provide goods or services to, or receive financial
assistance from, any agency or other person performing functions or
activities under this Act shall be subject to audit by the
Comptroller General with respect to such provision of goods or
services or receipt of financial assistance.
(c) Provisions applicable to audits under this section
(1) Nature and scope of audit
The Comptroller General shall determine the nature, scope, and
terms and conditions of audits conducted under this section.
(2) Coordination with other provisions of law
The authority of the Comptroller General under this section
shall be in addition to any audit authority available to the
Comptroller General under other provisions of this Act or any
other law.
(3) Rights of access, examination, and copying
The Comptroller General, and any duly authorized representative
of the Comptroller General, shall have access to, and the right
to examine and copy, all records and other recorded information
in any form, and to examine any property, within the possession
or control of any agency or person which is subject to audit
under this section which the Comptroller General deems relevant
to an audit conducted under this section.
(4) Enforcement of right of access
The Comptroller General's right of access to information under
this section shall be enforceable pursuant to section 716 of
title 31.
(5) Maintenance of confidential records
The provisions of section 716(e) of title 31 shall apply to
information obtained by the Comptroller General under this
section.
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