Arizona § 44-2122 - Audit requirements
Full text of Arizona Arizona Revised Statutes § 44-2122 — Audit requirements, with citation guidance and answers to common questions.
§ 44-2122. Audit requirements
Unless exempted by the commission, an independent certified public accountant who audits the financial statements of an issuer in an audit required pursuant to this chapter shall include, in accordance with generally accepted auditing standards as modified or supplemented by the commission:
1. Procedures designed to provide reasonable assurance of detecting illegal acts that would have a direct and material effect on the determination of financial statement amounts.
2. Procedures designed to identify related party transactions that are material to the financial statements or otherwise require disclosure.
3. An evaluation of whether there is substantial doubt about the ability of the issuer to continue as a going concern during the next fiscal year.
Frequently Asked Questions About Arizona § 44-2122
What does Arizona Revised Statutes § 44-2122 cover?
Section 44-2122 ("Audit requirements") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 44-2122?
A common citation format is "Arizona Revised Statutes § 44-2122" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 44-2122 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.