Virginia § 59.1-559 Independent audit required; submission to Department

Virginia Statutes

§ 59.1-559 — Independent audit required; submission to Department

Virginia § 59.1-559

Title 59.1TRADE AND COMMERCE

Ch. 51FANTASY CONTESTS ACT

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Bluebook

Va. Code Ann. § 59.1-559 (2026).

Text

A registered operator shall (i) annually contract with a certified public accountant to conduct an independent audit, consistent with the standards accepted by the Board of Accountancy;

(ii)annually contract with a testing laboratory recognized by the Department to verify compliance with the provisions of subsection D of § 59.1-557; and (iii) submit to the Department a copy of the (a) audit report and (b) report of the testing laboratory as required by clause (ii).

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A registered operator shall (i) annually contract with a certified public accountant to conduct an independent audit, consistent with the standards accepted by the Board of Accountancy; (ii) annually contract with a testing laboratory recognized by the Department to verify compliance with the provisions of subsection D of § 59.1-557; and (iii) submit to the Department a copy of the (a) audit report and (b) report of the testing laboratory as required by clause (ii).