Ohio Code § 1121.50
Ohio Code § 1121.50. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1121.50.
(A) As used in this section, “ independent auditor ” means an external, unaffiliated auditor who has a certified public accounting designation
that qualifies the person to provide an auditor's report. (B) The superintendent of financial institutions may, when circumstances warrant, require
a bank or trust company to have an independent auditor conduct agreed upon procedures
prescribed by the superintendent. The independent auditor shall be retained, and the expense of the agreed upon procedures
shall be paid, by the bank or trust company. The agreed upon procedures shall be conducted in accordance with standards established
by the American institute of certified public accountants. (C) The board of directors of the bank or trust company shall, within sixty days after
receipt of the report prepared by the independent auditor for the agreed upon procedures
conducted pursuant to this section, prepare a response to the report and file the
report and the board's response with the superintendent. A report and response filed with the superintendent pursuant to this section may
be disclosed only as provided in section 1121.18 of the Revised Code .
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1121.50
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 1121.50?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 1121.50 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 1121.50 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.