Section 3 AAC 13.210 - Authority to conduct examinations and investigations(a) When the department conducts an on-site investigation under AS 06.55.105(a) l06.55.103(b), or 06.55.203(a) or an examination under AS 06.55.401, (1) the applicant, money services licensee, or authorized delegate shall provide the department free access to the place of business, books, accounts, safes, and vaults of that person to examine and make copies as necessary;(2) the department may retain accountants, professionals, or specialists as examiners, auditors, or investigators, to conduct or assist in the conduct of an investigation or examination; and(3) the applicant, money services licensee, or authorized delegate shall pay the department examination and investigation fees in accordance with AS 06.01.010 and any expenses required to be paid under 3 AAC 13.850 for each representative of the department who is reasonably necessary to conduct the investigation or examination.(b) Instead of an on-site investigation under AS 06.55.105(a) or 06.55.203(a) or an examination under AS 06.55.401, the department will accept the audit of a licensed certified public accountant, if (1) the applicant, money services licensee, or authorized delegate pays the costs of the audit;(2) the audit is equal in scope to the investigation or examination required by the department;(3) the licensee provides written or electronic notice through the registry that the licensee is having the audit prepared instead of the investigation or examination required by the department; and(4) the department has given prior written or electronic approval for the person to conduct the audit.Eff. 7/12/2008, Register 187; am 11/22/2017,Register 224, January 2018Authority:AS 06.01.010
AS 06.55.103
AS 06.55.105
AS 06.55.203
AS 06.55.401
AS 44.33.020