North Dakota Code 10-30.5-08 – Annual audit
Current as of: 2023 | Check for updates
|
Other versions
The board of directors shall contract with a certified public accounting firm to audit annually the financial statements of the corporation in accordance with generally accepted auditing standards. The cost of the audit must be borne by the corporation.
Terms Used In North Dakota Code 10-30.5-08
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.