P0475 AUDITING SERVICES

BOARD POLICY:

The Board of Education of Unified School District No. 259 shall, in accordance with state and federal laws and regulations, select an auditing firm to audit, the comprehensive annual financial report of the school district. Selection of this auditing firm shall be from among qualified and experienced firms (firms versed in providing services to government, education, or political subdivisions). Selection shall emphasize experience in conducting school district audits, ability to meet specified time requirements, qualification of auditors assigned to the project, and cost to the district.

Administrative Implemental Procedures:

1.      The regular annual audit shall include all funds.

2.      A review of internal controls and auditing procedures, including computer programs and data processing security, shall be included as part of the audit.

3.      A report in the form of a management letter or letters covering the internal control systems, general computer utilization, accounting system procedures, purchasing procedures, fixed asset accounting procedures, and other matters which come to the attention of the auditors during the course of the examination shall be included as part of the audit. The Superintendent of Schools will submit a written response to relevant matters cited in the management letter(s) to the Board of Education Audit Committee within 90 days after the audit report has been submitted to the Board of Education Audit Committee.

4.      The activity fund audit procedures will be specified by the Division of Financial Services.

Administrative Responsibility: Board of Education

Latest Revision Date: April 2004

Previous Revision Date: September 1997                                                                      P0475