Compliance with accounting standards

All county officials and agencies receiving and disbursing the revenues of the state or any political subdivision thereof shall be required to adopt a system of bookkeeping and accounting that meets the minimum standards provided for in § 5-8-501 . Acts 1953, ch. 25, § 2 (Williams, § 1681.2); T.C.A. (orig. ed.), § 5-826. All county officials and agencies receiving and disbursing the revenues of the state or any political subdivision thereof shall be required to adopt a system of bookkeeping and accounting that meets the minimum standards provided for in § 5-8-501 . Acts 1953, ch. 25, § 2 (Williams, § 1681.2); T.C.A. (orig. ed.), § 5-826.