San Jose Municipal Code Part 6 Audits

A Collective or Cannabis Business may be required, at the City Manager's discretion, to file with the City Manager an annual audit of its financial operations, completed and certified by an independent certified public accountant in accordance with generally accepted auditing and accounting principles, if the Collective, Cannabis Business, or Cannabis Business Owner(s) receives a notification from a government or regulatory agency regarding a lawsuit, tax finding, regulatory violation, or improper internal controls. If required, the audit shall be filed with the City Manager by September 30. In the event the audit, completed and certified by an independent public accountant, results in an opinion other than an unqualified opinion, the Collective or Cannabis Business may be required to file annual audits at the City Manager's discretion based on factors including, but not limited to, the City's review of the annual audit, final City- issued tax audit findings, a lawsuit, or improper internal controls.

(Ords. 30210, 30927.)