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The DC Code: § 47-374 Accepted accounting principles to be followed.

Index47 Taxation, Licensing, Permits, Assessments, and Fees. (Refs & Annos)
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.

Historical and Statutory

Prior Codifications 1981 Ed., § 47-374. Legislative History of Laws For legislative history of D.C. Law 3-70, see Historical and Statutory Notes following § 47-371. DC CODE § 47-374 Current through December 11, 2012

Credits

(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.)