Arkansas Code § 19-4-506 - Accounting and Reporting Capabilities

A governmental accounting system must make it possible both to:

(1) Present fairly and with full disclosure the financial position and results of financial operations of the funds and account groups of the governmental unit in conformity with generally accepted accounting principles; and

(2) Determine and demonstrate compliance with finance-related legal and contractual provisions.

Section: Previous  19-4-502  19-4-503  19-4-504  19-4-505  19-4-506  19-4-507  19-4-517  19-4-518  19-4-519  19-4-520  19-4-521  19-4-522  19-4-523  19-4-524  Next

Last modified: November 15, 2016