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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>63848</law_id><section_number>58.1-4023</section_number><catch_line>Post-audit of accounts and transactions of Department; post-compliance audits</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>58.1-4020</reference><reference>58.1-4022</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="58.1">Taxation</unit><unit label="subtitle" level="2" order_by="1" identifier="IV">Other Sources of State Revenue</unit><unit label="chapter" level="3" order_by="1" identifier="40">Virginia Lottery Law; Sports Betting</unit><unit label="article" level="4" order_by="1" identifier="1">Powers and Duties of Virginia Lottery Board; Administration of Tickets and Prizes</unit></structure><text>
						<section><p>A regular post-audit shall be conducted of all accounts and transactions of the <span class="dictionary">Department</span>. An annual audit of a fiscal and compliance nature of the accounts and transactions of the <span class="dictionary">Department</span> shall be conducted by the Auditor of Public Accounts on or before August 15 of each year. The cost of the annual audit and post-audit examinations shall be borne by the <span class="dictionary">Department</span>. The <span class="dictionary">Board</span> may <span class="dictionary">order</span> such other audits as it deems necessary and desirable.</p></section></text><history>1987, c. 531; 1989, c. 478.</history><metadata></metadata></law>
