Missouri § 313.940 - Annual financial audit required, operator to pay cost of audit — exemption.
Full text of Missouri Revised Statutes of Missouri § 313.940 — Annual financial audit required, operator to pay cost of audit — exemption., with citation guidance and answers to common questions.
§ 313.940. Annual financial audit required, operator to pay cost of audit — exemption.
1. Except as provided in subsection 2 of this section, a licensed operator shall contract annually with a certified public accountant to perform a financial audit of the licensed operator. Except as provided in subsection 2 of this section, a licensed operator shall also contract with a qualified third party to perform an examination to ensure compliance with sections 313.900 to 313.955 and any rule governing sections 313.900 to 313.955. The licensed operator shall submit the result of each audit and examination to the commission by November first of the subsequent calendar year.
2. A licensed operator with net revenues of two hundred fifty thousand dollars or less in a calendar year shall not be required to comply with the provisions of subsection 1 of this section. The commission may perform an audit on such licensed operator at the commission's expense. If such audit uncovers evidence of any violation of sections 313.900 to 313.955, the licensed operator shall remit to the commission the reasonable cost of such audit.
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(L. 2016 H.B. 1941 § 313.990, A.L. 2018 H.B. 1388)
---- end of effective 28 Aug 2018 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 313.940
What does Revised Statutes of Missouri § 313.940 cover?
Section 313.940 ("Annual financial audit required, operator to pay cost of audit — exemption.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. 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 Missouri § 313.940?
A common citation format is "Revised Statutes of Missouri § 313.940" (Missouri). 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 Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 313.940 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri 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 Missouri.