Government Code §2101.012

(a) The comptroller shall prescribe uniform accounting and financial reporting procedures that each state agency shall use in the preparation of the information requested under Section 2101.011 . The procedures may include procedures that prescribe a uniform format for and a uniform method of reporting the financial information included in the annual financial report. (b) The procedures must: (1) comply with generally accepted accounting principles as established by the Governmental Accounting Standards Board and the American Institute of Certified Public Accountants or their successors; and (2) include the requirements for compliance with the federal Single Audit Act of 1984 and Office of Management and Budget Circular A-133 and any subsequent changes or amendments that will fulfill the audit requirements for a statewide single audit. (c) The accounts of the institutions shall be maintained and audited in accordance with the approved reporting system. (d) The comptroller may adopt rules to implement this section.