Wisconsin § 186.15 - Auditing.
Full text of Wisconsin Wisconsin Statutes § 186.15 — Auditing., with citation guidance and answers to common questions.
§ 186.15. Auditing.
186.15(1) (1) Annual audit. Except as provided in sub. (2) , the board of directors shall hire a certified public accountant licensed or certified under ch. 442 or other qualified person to conduct a comprehensive annual audit of the records, accounts and affairs of the credit union. 186.15(2) (2) Audit committee. The board of directors may appoint an auditing committee of one or more capable persons to annually audit the records, accounts and cash of the credit union and to verify member accounts. Verification procedures shall be conducted according to the credit union’s bylaws or the rules of the office of credit unions. 186.15(3) (3) Independent audit. The office of credit unions may order an independent audit at the credit union’s expense if the office of credit unions finds an annual audit to be unsatisfactory. 186.15(4) (4) Audit reports. Audit reports under this section shall be submitted to the board of directors and retained as records of the credit union. 186.15 History History: 1971 c. 193 ; 1993 a. 482 ; 1995 a. 151 ; 2001 a. 16 .
Frequently Asked Questions About Wisconsin § 186.15
What does Wisconsin Statutes § 186.15 cover?
Section 186.15 ("Auditing.") is part of the Wisconsin Statutes, the codified statutory law of Wisconsin. 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 Wisconsin § 186.15?
A common citation format is "Wisconsin Statutes § 186.15" (Wisconsin). 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 Wisconsin law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Wisconsin official source linked on this page or consult a licensed Wisconsin attorney.
How does Wisconsin § 186.15 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Wisconsin 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 Wisconsin.