Audit requirement for high-turnover dealers mandates accountant audit and report; Commissioner may permit simplified reports or exemptions. Dealers exceeding the turnover threshold must have accounts audited by an accountant and submit the audit report notified by the Commissioner; the Commissioner may require a simplified report for specified dealers or classes or may exempt dealers or classes from furnishing a report.
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Audit requirement for high-turnover dealers mandates accountant audit and report; Commissioner may permit simplified reports or exemptions.
Dealers exceeding the turnover threshold must have accounts audited by an accountant and submit the audit report notified by the Commissioner; the Commissioner may require a simplified report for specified dealers or classes or may exempt dealers or classes from furnishing a report.
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