2010 Arizona Revised Statutes
Title 44 - Trade and Commerce
44-2122 Audit requirements
|
44-2122. Audit requirements Unless exempted by the commission, an independent certified public accountant who audits the financial statements of an issuer in an audit required pursuant to this chapter shall include, in accordance with generally accepted auditing standards as modified or supplemented by the commission: 1. Procedures designed to provide reasonable assurance of detecting illegal acts that would have a direct and material effect on the determination of financial statement amounts. 2. Procedures designed to identify related party transactions that are material to the financial statements or otherwise require disclosure. 3. An evaluation of whether there is substantial doubt about the ability of the issuer to continue as a going concern during the next fiscal year. |
Disclaimer: These codes may not be the most recent version. Arizona may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
