Okla. Stat. tit. 6, § 6-2113: Examination of books and records - Audits

A. The State Banking Commissioner may examine the books and

records of each licensee as often as the Commissioner deems

advisable for the purpose of determining the amount of the bond to

be filed and the amount of the license fee to be paid by such

licensee and to determine whether the licensee is in compliance with

all applicable requirements of law. For that purpose, the

Commissioner shall have free access to the offices and places of

business and to such records of such licensee that relate to the

business for which the licensee is licensed under Section 2101 et

seq. of this title.

B. There shall be paid to the Commissioner for an examination

or audit review a fee of Seventy-five Dollars ($75.00) per hour for

each representative of the Commissioner required to conduct the

examination or audit review plus travel expenses as provided by

subsection B of Section 201.1 of this title for each of the

examining personnel.

C. In lieu of any examination which the Commissioner shall be

authorized to make hereunder, the Commissioner may accept the audit

of a licensed public accountant holding a permit to practice in this

state or a certified public accountant, provided that:

1. The costs of such audit shall be borne by the licensee;

2. The scope of such audit shall be at least equal to the scope

of the examination required by the Commissioner;

3. The Commissioner shall have received prior notice in writing

that the licensee is having the audit prepared in lieu of

examination by the Commissioner; and

4. The Commissioner shall have given prior approval of the

licensed public accountant holding a permit to practice in this

state or the certified public accountant making the audit.

If the Commissioner accepts an audit in lieu of the examination of

the Commissioner, the Commissioner may review such audit and may

charge to the licensee fees for such review at the rate prescribed

in subsection B of this section.

D. The Commissioner may contract with qualified licensed

auditors to conduct any examinations authorized under this section.

E. All license, examination, audit review, and investigation

fees herein provided for shall be deposited in the Oklahoma State

Banking Department revolving fund pursuant to Section 211.1 of this

title.