Okla. Stat. tit. 62, § 62-34.10: Annual comprehensive financial report — Accounting

procedures and guidelines.

The Director of the Office of Management and Enterprise Services

shall cause to be prepared an annual comprehensive financial report,

in accordance with generally accepted accounting principles for

governments, and shall further have the general purpose financial

statements included in the annual comprehensive financial report

audited in accordance with generally accepted auditing standards.

The Director is hereby authorized to establish procedures and

guidelines which are consistent with those issued by the Government

Accounting Standards Board, and which shall be followed by state

agencies, colleges and universities and other entities who are

included in the report, for purposes of establishing consistent

application of accounting principles and to ensure the timeliness of

the report.