H-1278

   Amend  the amendment, H-1177, to Senate File 478, as amended, passed, and reprinted by the Senate, as follows:
   1.  By striking page 1, line 5, through page 4, line 8, and inserting: 
   <<Section 1.  NEW SECTION.  11.5D  Auditing standards.
   The auditor of state shall follow the most recent version of the generally accepted accounting principles issued by the financial accounting standards board and the governmental accounting standards board.>
   ___.  Title page, by striking lines 1 through 4 and inserting <An Act relating to accounting principles used by the auditor of state.>>

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NIELSEN of Johnson