20:04:33:96Annual financial audit.

A financial audit of the wagering operations of the hub licensee must be conducted by a duly licensed certified public accountant and provided to the commission each year within one hundred twenty days of the licensee's fiscal year and must meet the following requirements: (1) Inclusion of an audited balance sheet and audited profits-and-losses statement and breakdown of expenditures and subsidiaries of advance deposit pari-mutuel wagering activities; (2) Inclusion of a supplement schedule indicating financial activities on a calendar-year basis if the licensee's fiscal year does not correspond to the calendar year; (3) Report of any material errors, and irregularities that may be discovered during the audit, or notice of any audit adjustments; (4) Availability, upon request, of an engagement letter for the audit between the licensee and the auditing firm; and (5) Inclusion of a supplemental schedule for this state operations and a breakdown of online pari-mutuel wagering activities by each South Dakota licensee.

Source: 53 SDR 35, effective September 30, 2026.