(1) A charter school must adhere to generally accepted accounting principles. (2) A charter school shall have its financial records audited annually, at the end of each fiscal year, either by the State Auditor or by a certified public accountant approved by the State Auditor. However, a certified public accountant may not be selected to perform the annual audit of a charter school if that accountant previously has audited the charter school for more than three (3) consecutive years. Certified public accountants must be selected in a manner determined by the State Auditor. The charter school shall file a copy of each audit report and accompanying management letter with the authorizer before October 1. Amended by Laws, 2016, ch. 420, SB 2161, 6, eff. 7/1/2016. Added by Laws, 2013, ch. 497, HB 369, 29, eff. 7/1/2013. (1) A charter school must adhere to generally accepted accounting principles. (2) A charter school shall have its financial records audited annually, at the end of each fiscal year, either by the State Auditor or by a certified public accountant approved by the State Auditor. However, a certified public accountant may not be selected to perform the annual audit of a charter school if that accountant previously has audited the charter school for more than three (3) consecutive years. Certified public accountants must be selected in a manner determined by the State Auditor. The charter school shall file a copy of each audit report and accompanying management letter with the authorizer before October 1. Amended by Laws, 2016, ch. 420, SB 2161, 6, eff. 7/1/2016. Added by Laws, 2013, ch. 497, HB 369, 29, eff. 7/1/2013. (1) A charter school must adhere to generally accepted accounting principles. (2) A charter school shall have its financial records audited annually, at the end of each fiscal year, either by the State Auditor or by a certified public accountant approved by the State Auditor. However, a certified public accountant may not be selected to perform the annual audit of a charter school if that accountant previously has audited the charter school for more than three (3) consecutive years. Certified public accountants must be selected in a manner determined by the State Auditor. The charter school shall file a copy of each audit report and accompanying management letter with the authorizer before October 1. Amended by Laws, 2016, ch. 420, SB 2161, 6, eff. 7/1/2016. Added by Laws, 2013, ch. 497, HB 369, 29, eff. 7/1/2013. (1) A charter school must adhere to generally accepted accounting principles. (2) A charter school shall have its financial records audited annually, at the end of each fiscal year, either by the State Auditor or by a certified public accountant approved by the State Auditor. However, a certified public accountant may not be selected to perform the annual audit of a charter school if that accountant previously has audited the charter school for more than three (3) consecutive years. Certified public accountants must be selected in a manner determined by the State Auditor. The charter school shall file a copy of each audit report and accompanying management letter with the authorizer before October 1.
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