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Virginia Code Title 6.2. Financial Institutions and Services § 6.2-1939. Audited financials

Current as of January 01, 2025 | Updated by Findlaw Staff

<Section becomes effective July 1, 2026>

A. Each licensee shall, within 90 days after the end of each fiscal year, or within any extended time as the Commission may prescribe, file with the Commission:

1. Its audited financial statements for the fiscal year prepared in accordance with generally accepted accounting principles;  and

2. Any other information as the Commission may reasonably require.

B. The audited financial statements shall be prepared by an independent certified public accountant.

C. The audited financial statements shall 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 Commission.  If the certificate of opinion is qualified, the Commission may require the licensee to take any action as the Commission may find necessary to enable the independent certified public accountant or independent public accountant to remove the qualification.

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Cite this article: FindLaw.com - Virginia Code Title 6.2. Financial Institutions and Services § 6.2-1939. Audited financials - last updated January 01, 2025 | https://codes.findlaw.com/va/title-6-2-financial-institutions-and-services/va-code-sect-6-2-1939/

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