Fiscal Oversight Module 1 - New York State School Boards ...
Fiscal Oversight Module 1 - New York State School Boards ...
Fiscal Oversight Module 1 - New York State School Boards ...
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© 2012 <strong>New</strong> <strong>York</strong> <strong>State</strong> <strong>School</strong> <strong>Boards</strong> Association, Latham NY<br />
External Audit Purpose<br />
• Principal goal of the external auditor is to<br />
opine on the district’s financial statements<br />
– Are the financial statements a fair presentation of<br />
the financial position of the district?<br />
• Audit report is presented to the board<br />
– Draft to audit committee<br />
– Management must prepare corrective action plan<br />
for any findings in audit report or management<br />
letter within 90 days, and begin implementing by<br />
end of next fiscal year
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