(a) Annual audit.--The accounts and books of the exchange authority shall be examined and audited annually by an independent certified public accounting firm. The audit shall at a minimum:
(1) Assess compliance with the requirements of this chapter.
(2) Identify any material weaknesses or significant deficiencies and identify ways to correct the material weaknesses or deficiencies.
(b) Sharing of audit.--By December 31 of each year, the exchange authority shall electronically share the audit of the preceding fiscal year required under subsection (a) and related documents by:
(1) Posting the following on the exchange authority's publicly accessible Internet website:
(i) The audit.
(ii) A summary of the audit, including any material weakness or significant deficiency identified and how the exchange authority intends to correct the material weakness or significant deficiency.
(2) Providing an electronic link to the posted audit under paragraph (1)(i) to the Secretary of the Senate and the Chief Clerk of the House of Representatives.
(3) Providing an electronic link to the posted audit under paragraph (1)(i) to the department.
(c) Payment.--The cost of the annual audit required under subsection (a) shall be paid for from money in the exchange fund.
Cross References. Section 9310 is referred to in section 9307 of this title.
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