Municipal annual audits; authorize certain small municipalities to prepare annual compilation report in lieu of audit.

An Act To Amend Section 21-35-31, Mississippi Code Of 1972, To Provide That Any Municipality With A Population Of 3,000 Or Less May Employ A Competent Accountant Or Auditor To Prepare An Annual Compilation Report And Compliance Letter In Lieu Of An Annual Audit When Such Audit Will Be A Financial Hardship On The Municipality; To Provide The Preparation Of Such Report And Letter Shall Be Paid For By The State; And For Related Purposes.