Kan. Admin. Regs. Agency 2 — Municipal Accounting Board

Article 3 Accounting and Fiscal Procedure for Municipalities

Kan. Admin. Regs. § 2-3-4 Audit reports

No municipality shall place a restriction upon the scope of the report without prior approval of the director. The audit report shall comply with the standards prescribed by regulations adopted by the director and the board.

The report shall either contain an expression of opinion regarding the financial statements, taken as a whole, or an assertion to the effect that an opinion cannot be expressed. When an overall opinion cannot be expressed, the reasons therefor should be stated. In all cases where an auditor's name is associated with financial statements, the report should contain a clear-cut indication of the character of the auditor's examination, if any, and the degree of responsibility he is taking.

***** Authenticated Kansas Administrative Regulation *****

History

• History: (Authorized by K.S.A. 75-1121 and 75-1124; effective May 1, 1978.)

Kan. Admin. Regs. § 2-3-5 Compliance reports

Upon the installation in any governmental unit of approved accounting procedures at the direction of, or with the assistance of, the director or his staff, copies of the monthly reports, as prepared for the governing body shall be filed with the office of the director for a period of one year or as determined by the director upon his written directive. These copies will indicate the financial condition of the governmental unit and establish its continued compliance with the prescribed accounting procedures. Failure to comply will be subject to penalties as prescribed in K.S.A. 75-1130.

***** Authenticated Kansas Administrative Regulation *****

History

• History: (Authorized by K.S.A. 75-1121; effective May 1, 1978.)