Mississippi § 27-115-89 - Reports; annual audit by independent auditor.
Full text of Mississippi Mississippi Code of 1972 Annotated § 27-115-89 — Reports; annual audit by independent auditor., with citation guidance and answers to common questions.
§ 27-115-89. Reports; annual audit by independent auditor.
To ensure the financial integrity of the lottery, the corporation through its board shall: Compile and submit quarterly and annual reports and financial statements, in compliance with Sections 27-115-19(3)(b) and 27-115-41; Contract with an independent auditor who is a certified public accountant or firm to conduct an annual financial audit of the books and records of the corporation. The cost of this annual financial audit shall be an operating expense of the corporation: Such independent auditor shall have no financial interest in any vendor with whom the corporation is under contract; All contracts for independent auditors shall be reviewed by and subject to the approval of the State Auditor to ensure that the independent auditor is qualified to perform the audit; The audit shall be completed within ninety (90) days after the close of the corporation’s fiscal year; and Contracts may be entered into for audit services for a period not to exceed five (5) years and the same firm shall not receive two (2) consecutive audit contracts.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 27-115-89
What does Mississippi Code of 1972 Annotated § 27-115-89 cover?
Section 27-115-89 ("Reports; annual audit by independent auditor.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. 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 Mississippi § 27-115-89?
A common citation format is "Mississippi Code of 1972 Annotated § 27-115-89" (Mississippi). 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 Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 27-115-89 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi 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 Mississippi.