(1) Each licensee shall, within ninety days after the end of each fiscal year, or within any extended time as the banking board by rule may prescribe, file with the board:
- (a) An audited financial statement of the licensee for the fiscal year prepared in accordance with United States generally accepted accounting principles; and
- (b) Any other information that the board may reasonably require.
- (2) The audited financial statements shall be prepared by an independent certified public accountant or independent public accountant who is satisfactory to the banking board.
- (3) The audited financial statements must include or be accompanied by a certificate of opinion of the independent certified public accountant or independent public accountant that is satisfactory in form and content to the banking board. If the certificate or opinion is qualified, the board may order the licensee to take any action that the board may find necessary to enable the independent certified public accountant or independent public accountant to remove the qualification.
Source: L. 2025: Entire article R&RE, (HB 25-1201), ch. 91, p. 397, § 1, effective August 6.