{"data":{"id":"us-dc/d.c.-code-47-374","jurisdiction":"us-dc","citation":"D.C. Code § 47-374","heading":"Accepted accounting principles to be followed.","body":"(a)\nBeginning October 1, 1979, the District will account for and report on, unless specifically noted in financial reports, its financial transactions in accordance with generally accepted accounting principles.\n\n(b)\nThe systems, procedures, and controls established by the Mayor shall permit the District to demonstrate and report on compliance with legal requirements and contractual agreements as well as generally accepted accounting principles.","path":["Title 47. Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]","Chapter 3. Budget and Financial Management; Borrowing; Deposit of Funds.","Subchapter V. Fund Accounting."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/47-374","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"085d66e6ab6ff7fd162d9c68700bda4481e0fa9182d9a3d9384fb099ce265555","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-47-373","next":"us-dc/d.c.-code-47-375"},"notice":"GroundRules: Original legal text. Not legal advice."}