6830 - AUDIT
The Board requires that, after the close of the fiscal year (June 30th), an audit of all accounts of the District be made annually by an independent, certified public accountant. The audit examination shall be conducted in accordance with generally accepted auditing standards and the Wisconsin Uniform Financial Accounting Requirements of the DPI (WUFAR). The audit shall include all funds over which the Board has direct or supervisory control.
The cost of the audit shall be paid from School District funds.
The auditor shall also prepare a detailed audit report, which shall be submitted to the Board and the Department of Public Instruction each year. The auditor's report shall include:
- the financial audit statement for the fiscal year;
- a management letter;
- the auditor's communication with those charged with governance, including any significant findings or issues from the audit; and
- Federal and State program audit reports and schedules, as appropriate.
The Superintendent shall assure that the audit report is completed timely and submitted prior to the deadline established by DPI.
The Board minutes shall reflect acceptance of the annual audit report by the Board.
Revised 1/21/19
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