Arkansas § 14-234-119 Annual audits and procedures

Arkansas Statutes

§ 14-234-119 — Annual audits and procedures

Arkansas § 14-234-119

Title14

This text of Arkansas § 14-234-119 (Annual audits and procedures) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 14-234-119 (2026).

Text

(a)(1) A county, municipality, improvement district, or not-for-profit association or entity receiving fees from customers for providing sewage services shall obtain an annual financial audit of the system if the system has at least two thousand (2,000) service connections during a fiscal year.

(2)A county, municipality, improvement district, or not-for-profit association or entity receiving fees from customers for providing water services shall obtain an annual financial audit of the system if the system has at least two thousand (2,000) service connections during a fiscal year.

(b)(1) (A) A county, municipality, improvement district, or not-for-profit association or entity receiving fees from customers for providing sewage services and having at least one hundred (100) but less than t

Free access — add to your briefcase to read the full text and ask questions with AI

(a) (1) A county, municipality, improvement district, or not-for-profit association or entity receiving fees from customers for providing sewage services shall obtain an annual financial audit of the system if the system has at least two thousand (2,000) service connections during a fiscal year. (2) A county, municipality, improvement district, or not-for-profit association or entity receiving fees from customers for providing water services shall obtain an annual financial audit of the system if the system has at least two thousand (2,000) service connections during a fiscal year. (b) (1) (A) A county, municipality, improvement district, or not-for-profit association or entity receiving fees from customers for providing sewage services and having at least one hundred (100) but less than two thousand (2,000) service connections during a fiscal year shall obtain an annual audit or an annual agreed-upon procedures and compilation report. (B) A county, municipality, improvement district, or not-for-profit association or entity receiving fees from customers for providing water services and having at least one hundred (100) but less than two thousand (2,000) service connections during a fiscal year shall obtain an annual audit or an annual agreed-upon procedures and compilation report. (2) The agreed-upon procedures and compilation report engagement shall be conducted in accordance with standards established by the American Institute of Certified Public Accountants and subject to minimum procedures prescribed by the Legislative Joint Auditing Committee. (c) The audits or agreed-upon procedures and compilation reports shall be completed within one (1) year following each system's fiscal year end. (d) Each entity shall choose and employ accountants who are licensed and in good standing with the Arkansas State Board of Public Accountancy.

Legislative History

Amended by Act 2021, No. 907,§ 1, eff. 7/28/2021. Amended by Act 2015, No. 400,§ 1, eff. 7/22/2015. Acts 1997, No. 272, § 1; 1999, No. 218, § 1; 2011, No. 605, § 1; 2011, No. 615, § 1.