Alabama § 2-8-323 - Certified Association - Audit.
Full text of Alabama Code of Alabama § 2-8-323 — Certified Association - Audit., with citation guidance and answers to common questions.
§ 2-8-323. Certified Association - Audit.
(a) A certified association receiving and disbursing funds, following the close of its fiscal year every five years, shall cause an audit of its books and accounts for the five-year period to be conducted by a certified public accountant, disclosing receipts, disbursements, expenditures, and other related information, and a copy of the auditor’s report shall be forwarded to the board for inspection and review. The Department of Examiners of Public Accounts may audit, review, and investigate the receipts and disbursements of the funds in the same manner that those duties are performed for examination and audits of agencies and departments of the state.
(b) Any examination or audit required by this section shall be open to public inspection.
(c) Within 90 days following the close of a certified association’s fiscal year, if it has received any funds from assessments levied and collected pursuant to this article, the association shall forward a copy of a financial statement to the state board showing the amount received and collected and the amount spent for each project and item. The statement shall be available for public inspection.
Frequently Asked Questions About Alabama § 2-8-323
What does Code of Alabama § 2-8-323 cover?
Section 2-8-323 ("Certified Association - Audit.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 2-8-323?
A common citation format is "Code of Alabama § 2-8-323" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 2-8-323 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.