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 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 — Penalties -- rules to est... 2-7-518 — Deposit of fees 2-7-521 — Publication 2-7-522 — Report review

Mont. Code Ann. § 2-7-502

(2011)

Short title -- purpose

(1) This part may be cited as the "State of Montana Single Audit Act".

(2) The purposes of this part are to:

(a) improve the financial management of local government entities with respect to federal, state, and local financial assistance;

(b) establish uniform requirements for financial reports and audits of local government entities;

(c) ensure constituent interests by determining that compliance with all appropriate statutes and regulations is accomplished;

(d) ensure that the financial condition and operations of the local government entities are reasonably conducted and reported;

(e) ensure that the stewardship of local government entities is conducted in a manner to preserve and protect the public trust;

(f) ensure that local government entities accomplish, with economy and efficiency, the duties and responsibilities of the entities in accordance with the legal requirements imposed and the desires of the public; and

(g) promote the efficient and effective use of audit resources.

Opinions construing this section

1 opinion

2017 MT 258 Oct 25, 2017 Affirmed

Mitchell v. Glacier Co

Majority by Beth Baker · 6 to 1

ingle Audit Act in part to “improve the financial management of local government entities with respect to federal, state, and local financial assistance.” Section 2-7-502(2)(a), MCA. This Act directs the Montana Department of Administration (Department) to “prescribe by rule the general methods and details of accounting for the receipt a

Official Annotations archive.org, 2011 edition

History:

EnactedEn. 82-4517 by SectionSec. 3, ChapterCh. 380, Laws ofL. 1975

Revised Codes of MontanaR.C.M. 1947, 82-4517

AmendedAmd. SectionSec. 2, ChapterCh. 489, Laws ofL. 1991

Source text on leg.mt.gov