Accepted accounting principles to be followed.
Effective Apr 9, 1997June 14, 1980, D.C. Law 3-70, § 5, 27 DCR 1776; enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575
- (a) Beginning October 1, 1979, the District will account for and report on, unless specifically noted in financial reports, its financial transactions in accordance with generally accepted accounting principles.
- (b) The systems, procedures, and controls established by the Mayor shall permit the District to demonstrate and report on compliance with legal requirements and contractual agreements as well as generally accepted accounting principles.
History
June 14, 1980, D.C. Law 3-70, § 5, 27 DCR 1776
enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575
Prior Codifications
1981 Ed., § 47-374.