Policy 6060: Independent Auditor
(formerly Duties of the Auditor)
The Board of Education will retain an independent Certified Public Accountant to perform an annual audit of school district financial statements and records pursuant to Section 2116-a(3) of the Education Law. The Board will utilize a competitive request for proposal process every five years when contracting for the annual independent audit. The Board will receive recommendations from the Audit Committee on the appointment of the independent auditor. The independent auditor is responsible solely to the Board of Education.
The Independent Auditor will prepare a draft audit report for presentation to and review by the Audit Committee. The Independent Auditor will present the final audit report directly to the Board of Education at a public meeting. The audit report shall be submitted to the Commissioner of Education as required by law.
The Board of Education will direct the Superintendent to prepare a corrective action plan in response to findings contained in the audit report or management letter. This plan shall be prepared within 90 days of the receipt of the final audit report and filed with the State Department of Education. It shall be the responsibility of the Board of Education to approve such plan and ensure that it is implemented prior to the end of the next fiscal year.
The independent auditor shall be available to assist the school district with issues regarding financial planning, controls, and management.
Adopted by the Board of Education: May 28, 1962 as Duties of the Auditor
Revised: February 6, 2007