61H1-22.006: Governmental Accounting Standards
61H1-22.007: Governmental Auditing Standards
61H1-22.008: Standards for Local Governmental Audits
PURPOSE AND EFFECT: The Board proposes the rule amendments to update the language consistent with terms of practice.
SUMMARY: The Board proposes the rule amendments to update the language consistent with terms of practice.
SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS: No Statement of Estimated Regulatory Cost was prepared.
Any person who wishes to provide information regarding a statement of estimated regulatory costs, or provide a proposal for a lower cost regulatory alternative must do so in writing within 21 days of this notice.
SPECIFIC AUTHORITY: 473.304, 473.315 FS., Chapter 79-202, Laws of Florida.
LAW IMPLEMENTED: 473.315 FS., Chapter 79-202, Laws of Florida.
IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE SCHEDULED AND ANNOUNCED IN FAW.
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Veloria Kelly, Division Director, Board of Accountancy, 240 N. W. 76th Dr., Suite A, Gainesville, Florida 32607
THE FULL TEXT OF THE PROPOSED RULE IS:
61H1-22.006 Governmental Accounting Standards.
A licensee shall not permit his/her name to be associated with financial statements of units of government, or any other entities so mandated by contract or law, unless he/she has complied with the Codification and Original Pronouncements (including Statements, Interpretations, Technical Bulletins and Concepts Statements) standards for governmental accounting. Statements on Governmental Accounting issued by the Governmental Accounting Standards Board (GASB) in effect at the time of the issuance of the financial statements. The Codification and Original Pronoucements issued by GASB are hereby incorprated by reference, may be obtained at http://www.gasb.org, and are, for the purposes of this rule, deemed and construed to be interpretations of generally accepted governmental accounting standards and departure from such statements must be justified by those who do not follow them.
Specific Authority 473.304, 473.315 FS., Chapter 79-202, Laws of
61H1-22.007 Governmental Auditing Standards.
A licensee shall not permit his/her name to be associated with financial statements of units of government, or any other entities so mandated by contract or law, unless he/she has complied with the Government Auditing Standards (Yellow Book), issued by the U.S. Government Accountability Office, in effect at the time the financial statements are issued. The Yellow Book is hereby incorporated by reference, may be obtained at http://www.gao.gov, and standards for governmental auditing. Standards for Audits of Governmental Organizations, Programs, Activities and Functions issued by the Comptroller General of the is, for purposes of this rule, deemed and construed to be the interpretations of generally accepted governmental auditing standards and departure from such standards must be justified by those who do not follow them.
Specific Authority 473.304, 473.315 FS., Chapter 79-202, Laws of
61H1-22.008 Standards for Local Governmental Entity Audits.
Licensees performing accounting services in connection with Local Governmental Entity Audits required by Section 215.97 or 218.39, Rule Chapter 10.550-10.559, Rules of the Auditor General of the State of
Specific Authority 473.304, 473.315 FS. Law Implemented 473.315 FS. HistoryNew 10-22-86, Amended 5-9-88, Formerly 21A-22.008, Amended 9-30-97,_________.
