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Are audited financial statements required to be completed each year?

April 26, 2017audited financial statements year

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Are audited financial statements required to be completed each year?

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YES. As stated in 69V-40.250(2) — Each licensee identified in subsection (1) above shall have completed, annually, the required audited financial statement within 120 days of the fiscal year end date of said licensee. All audited financial statements shall be maintained in the licensee’s principal place of business in this state and made available to Office of Financial Regulation examiners upon request.