Section 68 IAC 26-5-1 - Annual financial auditAuthority: IC 4-33-24-13
Affected: IC 4-33
Sec. 1.
(a) Each game operator licensee shall undergo an audit of its annual financial statements.(b) The game operator 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 game operator licensee. To obtain the executive director's approval, the game operator must submit to the executive director an engagement letter with the game operator's recommended independent certified public accountant to perform the audit.(c) The audit must: (1) be performed in accordance with generally accepted accounting principles; and(2) contain the opinion of the independent certified public accountant as to its fair presentation in accordance with generally accepted accounting principles.(d) The game operator licensee is responsible for the cost of the financial audit required by this rule.(e) The annual financial audit shall be provided to the commission no later than August 31 of each year in which the game operator was licensed. Indiana Gaming Commission; 68 IAC 26-5-1; filed 1/22/2018, 3:49 p.m.: 20180221-IR-068170224FRA