Bill Status of SB2638 100th General Assembly
Short Description: LOCAL GOV ACCOUNT AUDITS
Sen. James F. Clayborne, Jr.
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Governmental Account Audit Act. Provides that an audit report based on the governmental unit's selection of the accrual, cash, or modified cash basis of accounting meets all requirements for conformity with generally accepted accounting principles, including the certification of the accountant or accountants making the audit that the audit has been performed in compliance with generally accepted auditing standards. Effective immediately.