The Board‘s financial statements shall be prepared in accordance with generally accepted accounting principles and shall be audited annually by the Auditor of Public Accounts, or his legally authorized representatives, or by a firm selected by the Board through a competitive procurement.

Terms Used In Virginia Code 54.1-4420

  • Board: means the Virginia Board of Accountancy. See Virginia Code 54.1-4400
  • Firm: means an entity formed by one or more licensees as a sole proprietorship, a partnership, a corporation, a limited liability company, or any other type of entity permitted by law. See Virginia Code 54.1-4400

2001, c. 832; 2007, c. 804.

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