N.Y. Racing, Pari-Mutuel Wagering and Breeding Law § 1302: Auditing duties of the commission

§ 1302. Auditing duties of the commission. The commission shall audit

as often as the commission determines necessary, but not less than

annually, the accounts, programs, activities, and functions of all

gaming facility licensees, including the audit of payments made pursuant

to section one thousand three hundred fifty-one of this chapter. To

conduct the audit, authorized officers and employees of the commission

shall have access to such accounts at reasonable times and the

commission may require the production of books, documents, vouchers and

other records relating to any matter within the scope of the audit. All

audits shall be conducted in accordance with generally accepted auditing

standards established by the American Institute of Certified Public

Accountants. In any audit report of the accounts, funds, programs,

activities and functions of a gaming facility licensee issued by the

commission containing adverse or critical audit results, the commission

may require a response, in writing, to the audit results. The response

shall be forwarded to the commission within fifteen days of notification

by the commission.