24 CFR § 320.10 - Financial reporting.

---
identifier: "/us/cfr/t24/s320.10"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 320.10 - Financial reporting."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "320.10"
section_name: "Financial reporting."
chapter_name: "GOVERNMENT NATIONAL MORTGAGE ASSOCIATION, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT"
part_number: "320"
part_name: "GUARANTY OF MORTGAGE-BACKED SECURITIES"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1721(g) and 1723a(a); and 42 U.S.C. 3535(d)."
regulatory_source: "60 FR 42015, Aug. 14, 1995, unless otherwise noted."
cfr_part: "320"
---


# 320.10 Financial reporting.

Issuers shall submit to the Association audited annual financial statements within 90 days of their fiscal year end. All financial statements shall include a balance sheet and a statement of operations and cash flows. The audit shall be conducted in accordance with the standards for financial audits of the U.S. Government Accountability Office's *Government Auditing Standards,* issued by the Comptroller General of the United States.

[72 FR 49125, Aug. 27, 2007]