PURPOSE: The state auditor has authority to establish standards and reporting requirements for audits performed on fire protection districts in St. Louis and Greene Counties. This rule sets forth standards for the auditing and financial reporting of the district.

1. (1) The independent auditor shall meet all requirements of Chapter 326, RSMo, and the code of professional ethics and rules of conduct promulgated by the Missouri State Board of Accountancy.
2. (2) The audit shall conform to generally accepted auditing standards (GAAS) promulgated by the Auditing Standards Board of the American Institute of Certified Public Accountants.
3. (3) The audit may conform to the standards (hereafter referred to as “generally accepted government auditing standards”) established by the Comptroller General of the United States and applicable to financial audits of government entities, programs, activities, and functions.
4. (4) The contents of the financial statement audit report may be presented in conformity with generally accepted accounting principles. If the financial statement audit report is not presented in conformity with generally accepted accounting principles, then the independent auditor shall make appropriate audit report modifications and disclosures.
5. (5) Nothing in the rules promulgated for audits of fire protection districts shall be construed as restricting, limiting, or relieving the independent auditor of his or her professional judgment or responsibility.

AUTHORITY: section 321.690, RSMo 2016.* Original rule filed May 12, 1978, effective Sept. 11, 1978. Amended: Filed Dec. 2, 1985, effective Feb. 13, 1986. Amended: Filed June 14, 1994, effective Nov. 30, 1994. Amended: Filed Dec. 17, 2009, effective July 30, 2010. Amended: Filed May 15, 2017, effective Nov. 30, 2017.

*Original authority: 321.690, RSMo 1977, amended 1981, 1986, 1991, 1993, 1998.