Proposal for the following collection of information:
Title:Part 715, NCUA Rules and Regulations (Existing Parts 701.12 and 701.13).
Type of Review:Reinstatement, without change, of a previously approved collection for which approval has expired.
Description:The rule specifies the minimum annual audit a credit union is required to obtain according to its charter type and asset size, the licensing authority required of persons performing certain audits, the auditing principles that apply to certain audits, and the accounting principles that must be followed in reports filed with the NCUA Board.
Respondents:Federal credit unions.
Estimated No. of Respondents/Recordkeepers:12,000.
Estimated Burden Hours Per Response:5.75 hours.
Frequency of Response:Reporting and annually.
Estimated Total Annual Burden Hours:100,906 hours.
Estimated Total Annual Cost:None.
By the National Credit Union Administration Board on January 27, 2005.
Secretary of the Board.