2-7-502. 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.
History: En. 82-4517 by Sec. 3, Ch. 380, L. 1975; R.C.M. 1947, 82-4517; amd. Sec. 2, Ch. 489, L. 1991.
Structure Montana Code Annotated
Title 2. Government Structure and Administration
Chapter 7. Studies, Reports, and Audits
Part 5. Audits of Political Subdivisions
2-7-502. Short title -- purpose
2-7-503. Financial reports and audits of local government entities
2-7-505. Audit scope and standards
2-7-506. Audit by independent auditor
2-7-507. Duty of officers to aid in audit
2-7-508. Power to examine books and papers
2-7-509. Audits of school-related organizations -- costs -- criteria
2-7-511. Access to public accounts -- suspension of officer in case of discrepancy
2-7-512. Exit review conference
2-7-513. Content of audit report and financial report
2-7-514. Filing of audit report and financial report
2-7-515. Actions by governing bodies
2-7-517. Penalties -- rules to establish fine
2-7-523. Cause of action -- failure to file reports and audits or resolve findings