280. Every credit union shall cause its books and accounts to be audited every year by an auditor.
The audit shall be conducted by the auditor of the auditing service of the federation with which the credit union is affiliated or by the auditor of the auditing service of the confederation with which the federation is affiliated, where that is the case.
Where the federation or confederation, as the case may be, has no auditing service, the credit union shall appoint an auditor.