Cal. Government Code § 5872

(a) When an audit of a conduit financing provider’s accounts and records is required by law, in addition to any other requirements, the audit shall include all of the following: (1) A disclosure of fees imposed on borrowers by, or on behalf of, the conduit financing provider. (2) A disclosure of expenditures related to those fees made by or on behalf of the conduit financing provider. (3) The dollar amount and nature of these fees and expenses. (4) A disclosure of the amount of bonds authorized but unsold at the end of the time period covered by the audit. (5) A disclosure of the amount of debt the conduit financing provider has issued during the period covered by the audit and the amount of debt still outstanding at the end of the time period covered by the audit. (b) An audit of a conduit financing provider’s accounts and records shall be made publicly available pursuant to the California Public Records Act (Division 10 (commencing with Section 7920.000)). (c) Notwithstanding any other reporting periods permitted pursuant to subdivision (f) of Section 6505, Section 26909, or any other provision of law, a conduit financing provider shall annually conduct an audit of its accounts and records and report the results of that audit to the Controller. The minimum requirements of the annual audit and report shall be prescribed by the Controller and conform to generally accepted auditing standards.