Investigation of business activities; examination of books, accounts, records, and files; additional reports; audit and management letter.

Sec. 12. (1) The commissioner at any time may investigate the business activities as the commissioner considers necessary, may examine the books, accounts, records, and files used and maintained by any licensee, and may require the licensee to furnish additional reports relating to the licensee's business. (2) The commissioner may accept an audit and management letter regarding the affairs of any licensee under this act, if made by a certified public accountant.