(A) No statement shall be conclusive as to the matters set forth therein, nor shall the filing of such preclude the city from collecting by appropriate action such sum as is actually due and payable under this chapter. Such statement and each of the several items therein contained shall be subject to audit and verification by the License Collector, his deputies or authorized employees of the city, who are authorized to examine, audit, or inspect such books and records of any licensee or applicant for a license as may be necessary in their judgment to verify or ascertain the amount of license fee due.
(B) All licensees, applicants for licenses and persons engaged in business in the city shall permit an examination of such books and records for the purposes mentioned in division (A) of this section.
('81 Code, § 5.04.190) Penalty, see § 110.99