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House approves substitute to clarify audits for political subdivisions
Utah House of Representatives · February 23, 2004
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Summary
The House adopted a first substitute to House Bill 142 to add a 'review' level of financial oversight and clarify the state auditor’s authority to require audits or reviews for component units; the measure passed 71–0 and moves to the Senate.
Representative Ferry moved and explained the first substitute to House Bill 142, saying the change replaces the phrase "analysis of financial statements" with a defined term, "accounting report," and explicitly adds a review level consistent with generally accepted accounting principles. The substitute also requires…
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