Table of Contents TITLE 2. GOVERNMENT STRUCTURE AND ADMINISTRATION CHAPTER 7. STUDIES, REPORTS, AND AUDITS Part 5. Audits of Political Subdivisions

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2-7-501 — Definitions 1 2-7-502 — Short title -- purpose 1 2-7-503 — Financial reports and aud... 1 2-7-504 — Accounting methods -- exc... 2-7-505 — Audit scope and standards 2-7-506 — Audit by independent audi... 2-7-507 — Duty of officers to aid i... 2-7-508 — Power to examine books an... 2-7-509 — Audits of school-related... 2-7-511 — Access to public accounts... 2-7-512 — Exit review conference 2-7-513 — Content of audit report a... 2-7-514 — Filing of audit report an... 1 2-7-515 — Actions by governing bodi... 2-7-516 — Audit fees 1 2-7-517 — Penalty 2-7-518 — Deposit of fees 2-7-521 — Publication 2-7-522 — Report review

Mont. Code Ann. § 2-7-504

(1997)

Accounting methods -- exception

(1) Unless otherwise required by law, the department shall prescribe by rule the general methods and details of accounting for the receipt and disbursement of all money belonging to local government entities and shall establish in those offices general methods and details of accounting. All local government entity officers shall conform with the accounting standards prescribed by the department.

(2) This section does not apply to a local government entity that has adopted the alternative accounting method provided for in Title 7, chapter 6, part 6.

Opinions construing this section

1 opinion

2017 MT 258 Oct 25, 2017 Affirmed

Mitchell v. Glacier Co

Majority by Beth Baker · 6 to 1

for such entities. Sections 2-7-503(2), -504(1), MCA. Local government entities must “conform with the accounting standards prescribed by the department.” Section 2-7-504(1), MCA. ¶15 Under the Single Audit Act, local government entities must submit to independent financial audits every two years. Section 2-7-503(3), MCA. Once an ent

Official Annotations archive.org, 1997 edition

History:

EnactedEn. 82-4530 by SectionSec. 16, ChapterCh. 380, Laws ofL. 1975

Revised Codes of MontanaR.C.M. 1947, 82-4530

AmendedAmd. SectionSec. 1, ChapterCh. 1, Sp. Laws ofL. June 1989

AmendedAmd. SectionSec. 1, ChapterCh. 11, Sp. Laws ofL. June 1989

AmendedAmd. SectionSec. 4, ChapterCh. 489, Laws ofL. 1991

AmendedAmd. SectionSec. 6, ChapterCh. 430, Laws ofL. 1995

Source text on leg.mt.gov