§5-25-2. Management accounting system required.
(a) The commissioner of finance and administration shall
within ninety days after this article initially goes into effect
develop a system of management accounting for all bank accounts
held by each state institution where funds are held in a fiduciary
capacity for residents of the institution. The management
accounting system shall include a method of internal management
accounting control for funds held in a fiduciary capacity for
residents of public institutions.
(b) The commissioner of finance and administration shall
deliver proper instructions for instituting the system of
management accounting to the heads of all departments which control
state institutions where funds are held in a fiduciary capacity for
residents. The department heads shall institute the system of
management accounting at each institution under their control.
Note: WV Code updated with legislation passed through the 2014 1st Special Session
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