California CodesBusiness and Professions Code - BPCDivision 3 — Professions and Vocations GenerallyChapter 12 — Cemetery and Funeral ActArticle 9 — Preneed Funeral ArrangementsSection 7737.3
All commingled preneed trust funds held by a funeral establishment shall be subject to an annual, independent certified financial audit with a copy of the audit to be submitted to the bureau for review within 120 days of the close of the fund’s fiscal year. Any findings of noncompliance with existing law regarding preneed trust funds shall be identified by the auditor in a separate report for review and action by the bureau. Audits and reports of noncompliance shall be filed simultaneously.
Notes
Requires each commingled preneed trust fund held by a funeral establishment to undergo an annual independent certified financial audit, with the audit submitted to the bureau within 120 days after the fund’s fiscal year closes. Any noncompliance findings must be separately reported, and the audit and noncompliance report must be filed simultaneously.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 7737.3 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-3/chapter-12/article-9/section-7737-3