12 CFR § 621.30 - General.

---
identifier: "/us/cfr/t12/s621.30"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 621.30 - General."
title_number: 12
title_name: "Banks and Banking"
section_number: "621.30"
section_name: "General."
chapter_name: "FARM CREDIT ADMINISTRATION"
subchapter_number: "B"
subchapter_name: "FARM CREDIT SYSTEM"
part_number: "621"
part_name: "ACCOUNTING AND REPORTING REQUIREMENTS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "Secs. 5.17, 5.19, 5.22A, 8.11 of the Farm Credit Act (12 U.S.C. 2183, 2202, 2202a, 2202d, 2252, 2257a, 2279aa-11); Pub. L. 102-552, 106 Stat. 4102, 4134."
regulatory_source: "58 FR 48786, Sept. 20, 1993, unless otherwise noted."
cfr_part: "621"
---


# 621.30 General.

Each Farm Credit institution must ensure the independence of all qualified public accountants conducting the institution's audit by establishing and maintaining policies and procedures governing the engagement of external auditors. The policies and procedures must incorporate the provisions of this subpart and § 612.2180 of this chapter.

[71 FR 76120, Dec. 20, 2006, as amended at 86 FR 58559, Oct. 22, 2021]