Colorado § 11-110-702 Audited financials

Colorado Statutes

§ 11-110-702 — Audited financials

Colorado § 11-110-702

Title 11Financial

Art.Money Transmitters

This text of Colorado § 11-110-702 (Audited financials) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 11-110-702 (2026).

Text

(1)Each licensee shall, within ninety days after the end of each fiscal year, or within any extended time as the banking board by rule may prescribe, file with the board:

(a)An audited financial statement of the licensee for the fiscal year prepared in accordance with United States generally accepted accounting principles; and

(b)Any other information that the board may reasonably require.

(2)The audited financial statements shall be prepared by an independent certified public accountant or independent public accountant who is satisfactory to the banking board.

(3)The audited financial statements must 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

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(1) Each licensee shall, within ninety days
after the end of each fiscal year, or within any extended time as the banking board
by rule may prescribe, file with the board:

(a) An audited financial statement of the licensee for the fiscal year
prepared in accordance with United States generally accepted accounting
principles; and

(b) Any other information that the board may reasonably require.

(2) The audited financial statements shall be prepared by an independent
certified public accountant or independent public accountant who is satisfactory to
the banking board.

(3) The audited financial statements must 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 banking board. If
the certificate or opinion is qualified, the board may order the licensee to take any
action that the board may find necessary to enable the independent certified public
accountant or independent public accountant to remove the qualification.