- (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.