North Dakota Code 13-09.1-19 – Audited financials
1. Each licensee shall, within ninety days after the end of each fiscal year, or within any extended time as the commissioner may prescribe, file with the commissioner:
Terms Used In North Dakota Code 13-09.1-19
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- United States: includes the District of Columbia and the territories. See North Dakota Code 1-01-49
- year: means twelve consecutive months. See North Dakota Code 1-01-33
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 as the commissioner may reasonably require.
2. The audited financial statements must be prepared by an independent certified public accountant or independent public accountant who is satisfactory to the commissioner.
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 commissioner. If the certificate or opinion is qualified, the commissioner may order the licensee to take any action as the commissioner may find necessary to enable the independent or certified public accountant or independent public accountant to remove the qualification.