Michigan § 141.425 - Local units; audits.
Full text of Michigan Michigan Compiled Laws § 141.425 — Local units; audits., with citation guidance and answers to common questions.
§ 141.425. Local units; audits.
A local unit having a population of less than 4,000 shall obtain an audit of its financial records, accounts, and procedures not less frequently than biennially. However, if any audit under this subsection discloses a material deviation by the local unit from generally accepted accounting practices or from applicable rules and regulations of a state department or agency or discloses any fiscal irregularity, defalcation, misfeasance, nonfeasance, or malfeasance, the department of treasury may require an audit to be conducted in the next year.
A local unit having a population of 4,000 or more shall obtain an annual audit of its financial records, accounts, and procedures.
Frequently Asked Questions About Michigan § 141.425
What does Michigan Compiled Laws § 141.425 cover?
Section 141.425 ("Local units; audits.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. 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 Michigan § 141.425?
A common citation format is "Michigan Compiled Laws § 141.425" (Michigan). 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 Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 141.425 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan 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 Michigan.