Indiana Administrative Code
Title 68 - INDIANA GAMING COMMISSION
Article 15 - ACCOUNTING RECORDS AND PROCEDURES
Rule 14 - Financial Statement Audits
Section 14-1 - Applicability; general provisions
Universal Citation: 68 IN Admin Code 14-1
Current through September 18, 2024
Authority: IC 4-33-4; IC 4-35-4
Affected: IC 4-33; IC 4-35
Sec. 1.
(a) Each casino licensee shall undergo an annual audit of its annual financial statements.
(b) The casino 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 casino licensee.
(c) The audit shall:
(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 casino licensee is responsible for the cost of audits required by this section.
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