Section 8153 Of Article 4. Reports And Examinations From California Financial Code >> Division 2. >> Chapter 7. >> Article 4.

. (a) In lieu of a report or an examination under Section 8150 or 8152, the commissioner may accept any report made to, or examination made by, a federal or state authority that supervises financial institutions, or by a certified or other public accountant or firm of certified or other public accountants selected by the association and approved by the commissioner.
  (b) An examination under Section 8152 may be conducted in conjunction with an examination by a federal authority that supervises financial institutions.