Colorado § 11-110-702 - Audited financials.
Full text of Colorado Colorado Revised Statutes § 11-110-702 — Audited financials., with citation guidance and answers to common questions.
§ 11-110-702. Audited financials.
(1) Each licensee shall, within ninety days after the end of each fiscal year, or within any extended time as the banking board by rule may prescribe, file with the board:
(a) An audited financial statement of the licensee for the fiscal year prepared in accordance with United States generally accepted accounting principles; and
(b) Any other information that the board may reasonably require.
(2) The audited financial statements shall be prepared by an independent certified public accountant or independent public accountant who is satisfactory to the banking board.
(3) The audited financial statements must include or be accompanied by a certificate of opinion of the independent certified public accountant or independent public accountant that is satisfactory in form and content to the banking board. If the certificate or opinion is qualified, the board may order the licensee to take any action that the board may find necessary to enable the independent certified public accountant or independent public accountant to remove the qualification.
Source: L. 2025: Entire article R&RE, (HB 25-1201), ch. 91, p. 397, § 1, effective August 6.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 11-110-702
What does Colorado Revised Statutes § 11-110-702 cover?
Section 11-110-702 ("Audited financials.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 11-110-702?
A common citation format is "Colorado Revised Statutes § 11-110-702" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 11-110-702 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.