Mo. Code Regs. tit. 11 § 45-40.100
Current through Register Vol. 49, No. 23, December 2, 2024
Section 11 CSR 45-40.100 - AuditsPURPOSE: This amendment changes language to be consistent with SB 87, 100th General Assembly.
(1) The annual financial audit shall be conducted by an independent certified public accountant (C.P.A.) in accordance with generally accepted auditing standards as follows: (A) Audit the licensed operator's annual financial statements in order to report on the fair representation of such amounts. The C.P.A. shall reconcile these audited amounts to similar amounts on the annual financial reports and system reports; and(B) Audit the annual total entry fees, entry fees from players located in Missouri, location percentage calculation, winnings paid, net revenue, and the annual operation fee from the most recently filed Annual Operation Fee report, in order to report on the fair representation of such amounts. The C.P.A. shall reconcile these audited amounts to similar amounts on the annual financial reports and system reports.Adopted by Missouri Register February 15, 2017/Volume 42, Number 04, effective 3/31/2017Amended by Missouri Register September 4, 2018/Volume 43, Number 17, effective 10/31/2018Amended by Missouri Register May 1, 2020/Volume 45, Number 9, effective 6/30/2020