Common use of Annual Financial Audit Clause in Contracts

Annual Financial Audit. Following each school year of operation, the School shall obtain and pay for an annual financial audit of its accounts and records through June 30 of that year, pursuant to Section 218.39, Florida Statutes. The audit shall be conducted by an independent certified public accountant, selected pursuant to Section 218.391, Florida Statutes. The School shall provide the Sponsor with a copy of such an audit, as well as any responses to the auditor’s findings by September 20th of each year. The audit must be conducted in accordance with the rules of the Auditor General adopted pursuant to Section 11.45, Florida Statutes. The Sponsor reserves the right to perform additional audits as part of the Sponsor’s financial monitoring responsibilities as it deems necessary.

Annual Financial Audit. Following each school year of operation, the School shall obtain and pay for an annual financial audit of its accounts and records through June 30 of that year, pursuant to Section 218.39, Florida Statutes. The audit shall be conducted by an independent certified public accountant, selected pursuant to Section 218.391, Florida Statutes. The School shall provide the Sponsor with a copy of such an audit, as well as any responses to the auditor’s findings by September 20th October 1 of each year. The audit must be conducted in accordance with the rules of the Auditor General adopted pursuant to Section 11.45, Florida Statutes. The Sponsor reserves the right to perform additional audits as part of the Sponsor’s financial monitoring responsibilities as it deems necessary.

Annual Financial Audit. Following each school year of operation, the School shall obtain and pay for an annual financial audit of its accounts and records through June 30 of that year, pursuant to Section 218.39, Florida Statutes. The audit shall be conducted by an independent certified public accountant, selected pursuant to Section 218.391, Florida Statutes. The School shall provide the Sponsor with a copy of such an audit, as well as any responses to the auditor’s findings by September 20th October 1 of each year. The audit must be conducted in accordance with the rules of the Auditor General adopted pursuant to Section 11.45, Florida Statutes. The Sponsor reserves the right to perform additional audits as part of the Sponsor’s financial monitoring responsibilities as it deems necessary, and at its cost.