information for the community

Internal Audit CHARTER


POLICY
The Board shall maintain an internal audit function to provide assurance to District management and to the Board of Trustees that, within economic considerations:

A. Financial statements and reports and underlying financial information are presented with sufficient accuracy to ensure compliance with Generally Accepted Accounting Principles (GAAP).
B. Internal accounting and operational controls are adequate and effective in promoting efficiency and protecting the assets of the District.


AUTHORITY
The Internal Auditor is authorized to direct a broad comprehensive program of internal auditing within the District.  Internal auditing examines and evaluates the adequacy and effectiveness of the systems of management control provided by the District to direct its activities toward plans and procedures. In accomplishing these objectives, the Internal Auditor is authorized to have full, free and unrestricted access to all District functions, records, property, and personnel.


RESPONSIBILITIES
The Superintendent of Schools is responsible for providing direction to the Internal Auditor in carrying out the internal audit function in accordance with District policy.  The Internal Auditor is responsible for the following:


A. Preparing an annual audit plan for audit coverage that fulfills the responsibility for the position,
B. Obtaining the appropriate training necessary to maintain auditing skills,
C. Provide written reports of audit findings to the appropriate level(s) of district management as may be necessary to effect remedial action,
D. Coordinating audit coverage with independent outside auditors, 
E. Reviewing the adequacy and effectiveness of the following financial and operations controls to assure that:

1. Internal financial and accounting controls within the District are adequate and efficient and can be relied upon to produce meaningful financial information of timely use to District management in discharging its responsibilities,
2. Internal controls adequately safeguard the assets of the District,
3. Financial statements are complete and accurate and comply with GAAP and the requirements of applicable government agencies,
4. Controls over the development, maintenance, and operation of electronic data processing systems are sufficient to result in the processing of accurate and complete financial and operational data.

F. The Superintendent of Schools, the Board of Trustees, or others may require performing and reporting on special reviews as designated by the Superintendent of Schools.