Authority: IC 4-33-4; IC 4-35-4

Affected: IC 4-33; IC 4-35

Sec. 1. (a) Each casino licensee shall undergo an annual audit of its annual financial statements.

(b) The casino licensee shall recommend an independent certified public accountant to perform the audit. The executive director or the executive director's designee must approve of the selection of the independent certified public accountant prior to the commencement of a contract between the accountant and the casino licensee.

(c) The audit shall:

1. (1) be performed in accordance with generally accepted accounting principles; and
2. (2) contain the opinion of the independent certified public accountant as to its fair presentation in accordance with generally accepted accounting principles.

(d) The casino licensee is responsible for the cost of audits required by this section.

(Indiana Gaming Commission; 68 IAC 15-14-1; filed Dec 2, 2001, 12:35 p.m.: 25 IR 1073; readopted filed Nov 25, 2002, 10:11 a.m.: 26 IR 1261; readopted filed Nov 14, 2008, 12:51 p.m.: 20081210-IR-068080730RFA; filed Aug 16, 2010, 3:37 p.m.: 20100915-IR-068100064FRA; readopted filed Nov 28, 2016, 4:15 p.m.: 20161228-IR-068160383RFA; readopted filed Oct 17, 2022, 11:45 a.m.: 20221116-IR- 068220276RFA; readopted filed Nov 22, 2023, 8:28 a.m.: 20231220-IR-068230610RFA)