California Financial Code

§ 2039

FIN § 2039 Effective Jan 1, 2024Div. 1.2 · Ch. 3

Statute text

(a)The commissioner may, by order or regulation, grant exemptions from this section in cases in which the commissioner finds that the requirements of this section are not necessary or may be duplicative.

(b)In addition to any other reports as may be required pursuant to Sections 453, 454, and 455, 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 an audit report for the fiscal year that shall comply with all of the following provisions:

(1)The audit report shall contain audited financial statements of the licensee for or as of the end of the fiscal year prepared in accordance with United States generally accepted accounting principles and any other information as the commissioner may require.

…

Legislative history

Amended by Stats. 2023, Ch. 463, Sec. 4. (AB 1116) Effective January 1, 2024.