---
kind: "section"
citation: "36 U.S.C. § 40707"
title: "36"
title_heading: "Patriotic and National Observances, Ceremonies, and Organizations"
number: "40707"
heading: "Nonapplication of audit requirements"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/36/40707"
units:
  - "Subtitle II — Patriotic and National Organizations"
  - "Part B — Organizations"
  - "Chapter 407 — Corporation for the Promotion of Rifle Practice and Firearms Safety"
  - "Subchapter I — Corporation"
---

# §40707. Nonapplication of audit requirements


The audit requirements of [section 10101 of this title](/usc/36/10101.md) do not apply to the [corporation](/usc/36/220501.md?p=b-7).


## Source credit

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1337.)

## Notes

| Historical and Revision Notes |  |  |
| --- | --- | --- |
| Revised<br>Section | Source (U.S. Code) | Source (Statutes at Large) |
| 40707 | (no source). |  |

The section is added to except the Corporation for the Promotion of Rifle Practice and Firearms Safety from the application of section 10101 of the revised title, restating 36:1101–1103, which imposes audit requirements on certain federally chartered corporations. The corporation is not included in the list of corporations set out in 36:1101 to which the audit requirements apply.