Section Rev 1904.02 - Independent Public Accountant If a municipality uses an independent public accountant to conduct an audit, the following shall apply:
(a) The independent public accountant shall conduct the audit according to generally accepted auditing standards; and(b) If the local governmental unit being audited expends federal assistance in excess of the monetary threshold provided in 2 C.F.R § 200.501 as amended, as of this drafting, $750,000, the "federal assistance funds threshold," the independent public accountant shall conduct the audit either by following: (1) The Single Audit Act; or(2) If the federal assistance funds expended reaches the federal assistance funds threshold and consists of federal assistance from a single agency, the program specific audit designated by the granting agency.N.H. Admin. Code § Rev 1904.02
#5356, eff 3-16-92; amd by #6127, eff 11-23-95; ss by #6732, eff 4-18-98; ss by #8599, eff 4-6-06; ss by #9826, eff 11-25-10; ss by #10582, eff 5-2-14
Amended by Number 15, Filed April 11, 2024, Proposed by #13918, Effective 3/29/2024, Expires3/29/2034 (see Revision Note at chapter heading for Rev 1900).