Iowa Admin. Code r. 641-154.24

Current through Register Vol. 47, No. 11, December 11, 2024

Rule 641-154.24 - Financial transactions

(1) A manufacturer or dispensary shall maintain records that reflect all financial transactions and the financial condition of the business.

(2) The following records shall be maintained for at least five years and made available for review upon request of the department:

a. Purchase invoices, bills of lading, sales records, copies of bills of sale, and any supporting documents, including the items or services purchased, from whom the items were purchased, and the date of purchase;

b. Bank statements and canceled checks for all business accounts;

c. Accounting and tax records; and

d. Records of all financial transactions, including contracts and agreements for services performed or services received.

Iowa Admin. Code r. 641-154.24

Adopted by IAB January 31, 2018/Volume XL, Number 16, effective 3/7/2018

Amended by IAB June 5, 2019/Volume XLI, Number 25, effective 7/10/2019

Amended by IAB June 15, 2022/Volume XLIV, Number 25, effective 7/20/2022

Adopted by IAB July 10, 2024/Volume XLVII, Number 1, effective 8/14/2024