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).
2016, cc. 318, 703.
Structure Code of Virginia
Title 59.1 - Trade and Commerce
Chapter 51 - Fantasy Contests Act
§ 59.1-558. Issuance of registration; denial of same
§ 59.1-559. Independent audit required; submission to Department
§ 59.1-560. Powers and duties of Department
§ 59.1-561. Suspension or revocation of registration
§ 59.1-562. Hearing and appeal
§ 59.1-564. Department to adjust fees; certain transfer of money collected prohibited
§ 59.1-565. Public inspection of information filed with Department; charges for production
§ 59.1-566. Registration not endorsement
§ 59.1-567. Acquisition of interest in fantasy contest operator
§ 59.1-569. Fantasy contests conducted under this chapter not illegal gambling