Michigan § 18.1492 - Including financial statements in comprehensive annual financial report; responsibility; statement format; audit; submission of statements.
Full text of Michigan Michigan Compiled Laws § 18.1492 — Including financial statements in comprehensive annual financial report; responsibility; statement format; audit; submission of statements., with citation guidance and answers to common questions.
§ 18.1492. Including financial statements in comprehensive annual financial report; responsibility; statement format; audit; submission of statements.
The financial statements of all state agencies, as defined by generally accepted accounting principles as falling within the reporting responsibility of the state, shall be included in the comprehensive annual financial report of the state. The director shall designate and notify each state agency of this responsibility as well as describe the statement format that shall be followed by each agency so notified. The statements provided shall be followed by each state agency so notified. The statements provided shall be audited as provided by law or by the auditor general or independent auditors selected by the auditor general before submission to the department of management and budget and shall be submitted not later than 90 days following the close of the state's fiscal year.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 18.1492
What does Michigan Compiled Laws § 18.1492 cover?
Section 18.1492 ("Including financial statements in comprehensive annual financial report; responsibility; statement format; audit; submission of statements.") 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 § 18.1492?
A common citation format is "Michigan Compiled Laws § 18.1492" (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 § 18.1492 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.