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Wisconsin Administrative Code (Last Updated: January 10, 2017) |
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Agency Tax. Department of Revenue |
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Chapter 16. Local Financial Reporting |
Section 16.06. Compliance.
Latest version.
- (1) Compliance with provisions of this chapter will release the unit of local government from any obligation to file the current financial report form authorized under s. 73.10 (2) (a) , Stats. Reports prescribed by this chapter should be prepared from accounting records maintained by the local government and should relate directly to those records.(2) The department shall review schedules and financial reports filed pursuant to this chapter to determine compliance with standards and procedures prescribed by this chapter.(3) The department may inspect and examine or cause an inspection and examination of the records of local government filing schedules or financial reports under this chapter.(4) The department may review the auditor's work-
papers prepared during audits conducted pursuant to this chapter to determine compliance.
History:
Cr.
Register, February, 1985, No. 350
, eff. 3-1-85.
Note 1)
Copies of the draft schedules required by s.
Tax 16.04 (1)
may be obtained from:
Wisconsin Department of Revenue
Division of State/Local Finance
P.O. Box 8971
Madison, WI 53708-8971 Telephone (608) 264-6892 Note 2) Generally accepted accounting principles and generally accepted auditing standards may be examined at the office of the administrator, division of state/local finance, 2nd floor, 125 South Webster Street, Madison. Generally accepted accounting principles may be obtained from: Governmental Accounting Standards Board
High Ridge Park
P.O. Box 3821
Stamford, CT 06905-0821 Generally accepted auditing standards may be obtained from: American Institute of Certified Public Accountants
1211 Avenue of the Americas
New York, NY 10036 Note 3) The financial report referenced in s. Tax 16.05 represents the audited financial statements of local government units commonly referred to as an audit report or a comprehensive annual financial report and may include other statements, schedules and statistical information presented at the discretion of the local governmental unit.
Division of State/Local Finance
P.O. Box 8971
Madison, WI 53708-8971 Telephone (608) 264-6892 Note 2) Generally accepted accounting principles and generally accepted auditing standards may be examined at the office of the administrator, division of state/local finance, 2nd floor, 125 South Webster Street, Madison. Generally accepted accounting principles may be obtained from: Governmental Accounting Standards Board
High Ridge Park
P.O. Box 3821
Stamford, CT 06905-0821 Generally accepted auditing standards may be obtained from: American Institute of Certified Public Accountants
1211 Avenue of the Americas
New York, NY 10036 Note 3) The financial report referenced in s. Tax 16.05 represents the audited financial statements of local government units commonly referred to as an audit report or a comprehensive annual financial report and may include other statements, schedules and statistical information presented at the discretion of the local governmental unit.