Utah Administrative Code
Topic - Auditor
Title R123 - Administration
Rule R123-5 - Requirements for Accounting Services of Political Subdivisions and Governmental Nonprofit Corporations
Section R123-5-3 - Reporting Standards and Requirements
Current through Bulletin 2024-06, March 15, 2024
1. The audits of all entities required to have an audit made by Section 51-2a-201 shall be performed in accordance with Government Auditing Standards most recently published and issued by the Comptroller General of the United States.
2. The Office shall adopt and maintain a compliance audit guide containing those fiscal laws and compliance requirements for state funds distributed to, and expended by, political subdivisions and governmental nonprofit corporations. This compliance audit guide may specify:
3. All entities required to have an audit made by Section 51-2a-201 shall have performed the financial audit and a state compliance audit in accordance with the compliance audit guide maintained by the Office.
4 . The guidelines, criteria, procedures, and reporting requirements for all accounting and compliance reports required to be submitted to the Office are posted on the Office's website.