Arizona Laws 6-1217. Audited financial statements; certificate of opinion
A. Within ninety days after the end of each fiscal year or within any extended time as the director prescribes, each licensee shall file with the director both of the following:
Terms Used In Arizona Laws 6-1217
- Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Licensee: means a person licensed under this article. See Arizona Laws 6-1201
- United States: includes the District of Columbia and the territories. See Arizona Laws 1-215
1. An audited financial statement of the licensee for the fiscal year prepared in accordance with United States generally accepted accounting principles.
2. Any other information the director reasonably requires.
B. The audited financial statements shall be prepared by an independent certified public accountant or independent public accountant who is satisfactory to the director.
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 director. If the certificate or opinion is qualified, the director may order the licensee to take any action as the director may find necessary to enable the independent certified public accountant or independent public accountant to remove the qualification.