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.
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