§ 12-421. Determination of compliance with subtitle

Latest version.

If the Commissioner finds that the books, records, and accounting procedures of a licensee are not adequate to enable the Commissioner to determine whether the licensee is in compliance with this subtitle, the Commissioner may require the licensee to have a certified public accountant audit the licensee for any period of time the Commissioner considers necessary or adopt standard, recognized accounting and bookkeeping procedures and records for this purpose.

HISTORY: An. Code 1957, art. 11, § 219B; 1980, ch. 33, § 2; ch. 541; 1996, ch. 326, § 2; 2002, ch. 539.

                    
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