Montana Code 2-7-502. Short title — purpose
2-7-502. Short title — purpose. (1) This part may be cited as the “State of Montana Single Audit Act”.
Terms Used In Montana Code 2-7-502
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
(2)The purposes of this part are to:
(a)improve the financial management of local government entities with respect to federal, state, and local financial assistance;
(b)establish uniform requirements for financial reports and audits of local government entities;
(c)ensure constituent interests by determining that compliance with all appropriate statutes and regulations is accomplished;
(d)ensure that the financial condition and operations of the local government entities are reasonably conducted and reported;
(e)ensure that the stewardship of local government entities is conducted in a manner to preserve and protect the public trust;
(f)ensure that local government entities accomplish, with economy and efficiency, the duties and responsibilities of the entities in accordance with the legal requirements imposed and the desires of the public; and
(g)promote the efficient and effective use of audit resources.