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AUDIT
An audit of the accounts of the school district shall be made annually by an independent certified public school accountant selected by the Board of Education. The audit examination shall be conducted in accordance with generally accepted auditing standards and governmental auditing standards per the Comptroller General of the United States, and shall include all funds over which the Board has direct or supervisory control. An auditor's fee shall be established in each fiscal year. The Board of Education shall select an auditing firm experienced in school accounting and willing to perform the required services for the established fee. The annual audit for the most recent school year shall be received by November 1 of the current year. Within 30 days following the receipt of the annual audit, the Board of Education will, at a regular meeting, cause the recommendations of the auditor to be read and to be discussed, approve the audit and corrective action plan and have the discussion noted in the minutes of the meeting. Date: April 14, 1986 November 11, 1996 First Reading November 25, 1997 Approved November 19, 2001 First Reading December 10, 2001 Approved Legal References: N.J.S.A. 18A:6-68 Bookkeeping and accounting system (educational services commission) N.J.S.A. 18A:18A-1 et seq. Public School Contracts Law N.J.S.A. 18A:23-1 et seq. Audits and auditors N.J.A.C. 6:8-2.2 School-level planning N.J.A.C. 6A:30-1.1 et seq. Evaluation of the Performance of School Districts Manual for the Evaluation of Local School Districts (August 2000) Cross References: 1100 Communicating with the public 1120 Board of education meetings 3570 District records and reports 3571 Financial reports 9127 Appointment of auditor Key Words Audit, Auditor |
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