A.    No statements shall be conclusive as to the matters set forth therein, nor shall the filing of them preclude the city from collecting by appropriate action such sum as is actually due and payable under the provisions of this chapter. Such statement and each of the several items therein contained shall be subject to audit and verification by the collector or authorized employees of the city who are authorized to examine, audit and inspect such books and records of any licensee or applicant for license as may be necessary in their judgment to verify or ascertain the amount of license tax due.

    B.    All persons subject to the provisions of this chapter shall keep complete records of business transactions, including sales, receipts, purchases and other expenditures, and shall retain all such records for examination by the collector. Such records shall be maintained for a period of at least three years. No person required to keep records under this section shall refuse to allow authorized representatives of the collector to examine those records at reasonable times and places. (Ord. 470 § 2 (part), 1991: prior code § 12-22)