Vermont § 2531 - Audited financials
Full text of Vermont Vermont Statutes Online § 2531 — Audited financials, with citation guidance and answers to common questions.
§ 2531. Audited financials
- (a) Each licensee shall, within 90 days after the end of each fiscal year, or within any
extended time as the Commissioner may prescribe, file with the Commissioner: (1) an audited financial statement of the licensee for the fiscal year prepared in accordance
with U.S. generally accepted accounting principles; and (2) any other information as the Commissioner may reasonably require. (b) The audited financial statements shall be prepared by an independent certified public
accountant or independent public accountant who is satisfactory to the Commissioner. (c) The audited financial statements shall 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 Commissioner. If the certificate or
opinion is qualified, the Commissioner may order the licensee to take any action as
the Commissioner may find necessary to enable the independent or certified public
accountant or independent public accountant to remove the qualification. (Added 2023, No. 110 (Adj. Sess.), § 44, eff. July 1, 2024.)
Frequently Asked Questions About Vermont § 2531
What does Vermont Statutes Online § 2531 cover?
Section 2531 ("Audited financials") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 2531?
A common citation format is "Vermont Statutes Online § 2531" (Vermont). 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 Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 2531 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.