78804659.1-559Virginia Decodedhttps://vacode.org2016Trade And CommerceFantasy Contests ActIndependent audit required; submission to Department2016, cc. 318, 703.http://law.lis.virginia.gov/vacode/59.1-559/59.1-557Registration of fantasy contest operators required; application for registration; issuance of registration certificate; penalty/59.1-557//59.1-559/59.1/51/59.1-55959.1-565A registered operator shall (i) annually contract with a certified public accountant to conduct an independent audit, consistent with the standards accepted by the Board of Accountancy; (ii) annually contract with a testing laboratory recognized by the Department to verify compliance with the provisions of subsection D of § 59.1-557; and (iii) submit to the Department a copy of the (a) audit report and (b) report of the testing laboratory as required by clause (ii).section1