Utah Admin. Code R123-5-2 - Definitions

1. "Office" means the Office of the State Auditor.

2. "Auditor" means a certified public accountant licensed to conduct audits in the state and includes any certified public accounting firm as defined by Section 58-26a-102.

3. "Accounting services" means a financial audit, a state compliance audit, or an agreed-upon procedures engagement provided by an auditor.

a. "Financial audit" means an audit as defined in Section 51-2a-102(2).

b. "State compliance audit" means an engagement provided by an auditor in accordance with the compliance audit guide maintained by the Office.

c. "Agreed-upon procedures engagement" means an e ngagement provided by an auditor in accordance with Attestation Standards established by the AICPA, Government Auditing Standards (GAS) issued by the Comptroller General of the United States, and the guide for agreed-upon procedures for local government entities developed by the Office.

4. "Political subdivision" means all municipalities, counties, school districts, local and special service districts, interlocal organizations, and any other entity established by a local governmental unit that receives tax exempt status for bonding or taxing purposes. "Political subdivision" does not include state entities.

5 . "State entity" means any state agency, state office, or any other governmental unit of the state. State entity includes a governmental entity for which the state exercises majority control or for which one or more state officials collectively exercise majority control.

6. "Governmental nonprofit corporation" means any governmental nonprofit corporation as that term is defined by Section 11-13a-102.

Notes

Utah Admin. Code R123-5-2

Amended by Utah State Bulletin Number 2017-22, effective 11/1/2017 Amended by Utah State Bulletin Number 2019-23, effective 11/7/2019