MS HB804

Authorizes the State Auditor to use cash basis auditing standards for counties with total annual revenues not exceeding $20,000,000.

Amends Section 7-7-211 of the Mississippi Code to include cash basis auditing standards as an acceptable accounting standard alongside generally accepted accounting principles.

Applies the cash basis auditing alternative to both accounting principles identification and best practices provision for local subdivisions.

Takes effect July 1, 2012.