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Section 100038 Of Title 21. The California Secure Choice Retirement Savings Trust Act From California Government Code >> Title 21.
100038
. (a) Notwithstanding Section 10231.5, the board shall submit
an annual audited financial report, prepared in accordance with
generally accepted accounting principles, on the operations of the
California Secure Choice Retirement Savings Trust by August 1 to the
Governor, the Controller, the State Auditor, and the Legislature,
pursuant to Section 9795. The annual audit shall be made by an
independent certified public accountant and shall include, but not be
limited to, direct and indirect costs attributable to the use of
outside consultants, independent contractors, and any other persons
who are not state employees.
(b) The annual audit shall be supplemented by the following information prepared by the board:
(1) Any studies or evaluations prepared in the preceding year.
(2) A summary of the benefits provided by the trust including the number of participants in the trust.
(3) Any other information that is relevant in order to make a full, fair, and effective disclosure of the operations of the California Secure Choice Retirement Savings Trust.
(b) The annual audit shall be supplemented by the following information prepared by the board:
(1) Any studies or evaluations prepared in the preceding year.
(2) A summary of the benefits provided by the trust including the number of participants in the trust.
(3) Any other information that is relevant in order to make a full, fair, and effective disclosure of the operations of the California Secure Choice Retirement Savings Trust.
