STANDARDS FOR ANNUAL INDEPENDENT AUDIT.

SEC. 306. STANDARDS FOR ANNUAL INDEPENDENT AUDIT. Section 448 of the District of Columbia Home Rule Act (sec. 1–204.48, D.C. Official Code) is amended—(1) in subsection (a)(4), by striking the semicolon at the end and inserting the following: “, as audited by the Inspector General of the District of Columbia in accordance with subsection (c) in the case of fiscal years 2006 through 2008;”; and (2) by adding at the end the following new subsection: “(c) The financial statement and report for a fiscal year prepared and submitted for purposes of subsection (a)(4) shall be audited by the Inspector General of the District of Columbia (in coordination with the Chief Financial Officer of the District of Columbia) pursuant to section 208(a)(4) of the District of Columbia Procurement Practices Act of 1985, and shall include as a basic financial statement a comparison of audited actual year-end results with the revenues submitted in the budget document for such year and the appropriations enacted into law for such year using 120 STAT. 2042 the format, terminology, and classifications contained in the law making the appropriations for the year and its legislative history.”.