Cmfo 2023 exam - Study guides, Class notes & Summaries

Every audit required by the Local Fiscal Affairs 40A:5-9 is required be completed by an accountant or auditor who holds an uncanceled license as: - correct answer Registered Municipal Accountant Local Budget Law, N.J.S.A. 40A: 4-3.1 (b) requires any municipality deciding to convert to a State Fiscal Year from Calendar Fiscal Year must apply to - correct answer Local Finance Board Local Budget Law 40A:4-3.2 Adoption of State fiscal year; when converting to a state fiscal year calendar fro...

Every audit required by the Local Fiscal Affairs Law is required to be completed by an accountant or auditor who holds an uncanceled license as: - correct answer registered municipal accountant The statutory responsibility for the filing of the Unaudited Annual Financial Statements is assigned to which local government official - correct answer cfo A local government officer that serves on a local government agency that approved development applications would refer to a member of which b...

Local Bond Law (Statute #) - ANSWER NJSA 40A:2 Local Budget Law (Statute #) - ANSWER NJSA 40A:4 Local Fiscal Affairs Law (Statute #) - ANSWER NJSA 40A:5 Local Public Contracts Law - ANSWER NJSA 40A:11 Encumbrance System (TAD#) - ANSWER TAD 85-1 Fixed Assets (TAD#) - ANSWER TAD 85-2 General Ledger (TAD#) - ANSWER TAD 85-3 Annual Audit Must be Conducted by a: - ANSWER Registered Municipal Accountant Accounting Formula(s) - ANSWER Assets = Liabilities + Fund Balance or Ass...