Independent audit required; submission to Department

Va. Code Ann. § 58.1-4204, under Chapter 42. Fantasy Contests..

Va. Code Ann. § 58.1-4204

An operator that has been issued a permit shall annually (i) contract with a certified public accountant to conduct an independent audit, consistent with the standards accepted by the Board of Accountancy; (ii) contract with a testing laboratory recognized by the Department to verify compliance with the provisions of subsection D of § 58.1-4202; and (iii) submit to the Department a copy of such reports required by clauses (i) and (ii).