Virginia Code 58.1-4023: Post-audit of accounts and transactions of Department; post-compliance audits.
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A regular post-audit shall be conducted of all accounts and transactions of the Department. An annual audit of a fiscal and compliance nature of the accounts and transactions of the Department shall be conducted by the Auditor of Public Accounts on or before August 15 of each year. The cost of the annual audit and post-audit examinations shall be borne by the Department. The Board may order such other audits as it deems necessary and desirable.
Terms Used In Virginia Code 58.1-4023
- Board: means the Virginia Lottery Board established by this chapter. See Virginia Code 58.1-4002
- Department: means the independent agency responsible for the administration of the Virginia Lottery pursuant to this article and sports betting pursuant to Article 2 (§ Virginia Code 58.1-4002
1987, c. 531; 1989, c. 478.