Common use of Financial Audit Clause in Contracts

Financial Audit. The Charter School shall conduct an annual Financial Statement Audit and Financial and Administrative Procedures Controls Review (collectively, the “Financial Audit”). 4.9.1 The Financial Audit shall be conducted consistent with the Monitoring Plan including, but not limited to, (1) an audit of the accuracy of the Charter School’s financial statements, (2) an audit of the Charter School’s attendance accounting and revenue claims practices, and (3) an audit of the Charter School’s internal control practices. 4.9.2 The auditor conducting the Financial Audit shall be a licensed certified public accountant. 4.9.2.1 The selection of the auditor shall require prior approval by the Sponsor. 4.9.3 The Financial Audit shall be completed and the report delivered to the Sponsor and DESE no later than December 31 following the conclusion of the fiscal year. 4.9.4 The Charter School shall publish Financial Audit results consistent with Xxxxxxx 000, XXXx. 4.9.5 The cost of the Financial Audit shall be borne by the Charter School. 4.9.6 In the event that the Charter School has local education agency (“LEA”) status, the Financial Audit shall satisfy the requirements of the Every Student Succeeds Act and the reauthorized Elementary and Secondary Education Act for audits of such agencies. 4.9.7 The Financial Audit shall comply with state board of education rule, 5 CSR 30-4.030

Financial Audit. The Charter School shall conduct an annual Financial Statement Audit and Financial and Administrative Procedures Controls Review (collectively, the “Financial Audit”). 4.9.1 The Financial Audit shall be conducted consistent with the Monitoring Plan including, but not limited to, (1) an audit of the accuracy of the Charter School’s financial statements, (2) an audit of the Charter School’s attendance accounting and revenue claims practices, and (3) an audit of the Charter School’s internal control practices. 4.9.2 The auditor conducting the Financial Audit shall be a licensed certified public accountant. 4.9.2.1 The selection of the auditor shall require prior approval by the Sponsor. 4.9.3 The Financial Audit shall be completed and the report delivered to the Sponsor and DESE no later than December 31 following the conclusion of the fiscal year. 4.9.4 The Charter School shall publish Financial Audit results consistent with Xxxxxxx 000Chapter 165, XXXxRSMo. 4.9.5 The cost of the Financial Audit shall be borne by the Charter School. 4.9.6 In the event that the Charter School has local education agency (“LEA”) status, the Financial Audit shall satisfy the requirements of the Every Student Succeeds Act and the reauthorized Elementary and Secondary Education Act for audits of such agencies. 4.9.7 The Financial Audit shall comply with state board of education rule, 5 CSR 30-4.030

Financial Audit. The Charter School shall conduct an annual Financial Statement Audit and Financial and Administrative Procedures Controls Review (collectively, the “Financial Audit”). 4.9.1 The Financial Audit shall be conducted consistent with the Monitoring Plan including, but not limited to, (1) an audit of the accuracy of the Charter School’s financial statements, (2) an audit of the Charter School’s attendance accounting and revenue claims practices, and (3) an audit of the Charter School’s internal control practices. 4.9.2 The auditor conducting the Financial Audit shall be a licensed certified public accountant. 4.9.2.1 The selection of the auditor shall require prior approval by the Sponsor. 4.9.3 The Financial Audit shall be completed and the report delivered to the Sponsor and DESE no later than December October 31 following the conclusion of the fiscal year. 4.9.4 The Charter School shall publish Financial Audit results consistent with Xxxxxxx 000Chapter 165, XXXxRSMo. 4.9.5 The cost of the Financial Audit shall be borne by the Charter School. 4.9.6 In the event that the Charter School has local education agency (“LEA”) status, the Financial Audit shall satisfy the requirements of the Every Student Succeeds Act and the reauthorized Elementary and Secondary Education No Child Left Behind Act for audits of such agencies. 4.9.7 The Financial Audit shall comply with state board of education rule, 5 CSR 30-4.030

Financial Audit. The Charter School shall conduct an annual Financial Statement Audit and Financial and Administrative Procedures Controls Review (collectively, the “Financial Audit”). 4.9.1 The Financial Audit shall be conducted consistent with the Monitoring Plan including, but not limited to, (1) an audit of the accuracy of the Charter School’s financial statements, (2) an audit of the Charter School’s attendance accounting and revenue claims practices, and (3) an audit of the Charter School’s internal control practices. 4.9.2 The auditor conducting the Financial Audit shall be a licensed certified public accountant. 4.9.2.1 The selection of the auditor shall require prior approval by the Sponsor. 4.9.3 The Financial Audit shall be completed and the report delivered to the Sponsor and DESE no later than December October 31 following the conclusion of the fiscal year. 4.9.4 The Charter School shall publish Financial Audit results consistent with Xxxxxxx 000, XXXx. 4.9.5 The cost of the Financial Audit shall be borne by the Charter School. 4.9.6 In the event that the Charter School has local education agency (“LEA”) status, the Financial Audit shall satisfy the requirements of the No Child Left Behind Act, the Every Student Succeeds Child Achieves Act of 2015, and the reauthorized Elementary and Secondary Education Act for audits of such agencies. 4.9.7 The Financial Audit shall comply with state board of education rule, 5 CSR 30-4.030

Financial Audit. The Charter School shall conduct an annual Financial Statement Audit and Financial and Administrative Procedures Controls Review (collectively, the “Financial Audit”). 4.9.1 The Financial Audit shall be conducted consistent with the Monitoring Plan including, but not limited to, (1) an audit of the accuracy of the Charter School’s financial statements, (2) an audit of the Charter School’s attendance accounting and revenue claims practices, and (3) an audit of the Charter School’s internal control practices. 4.9.2 The auditor conducting the Financial Audit shall be a licensed certified public accountant. 4.9.2.1 The selection of the auditor shall require prior approval by the Sponsor. 4.9.3 The Financial Audit shall be completed and the report delivered to the Sponsor and DESE no later than December October 31 following the conclusion of the fiscal year. 4.9.4 The Charter School shall publish Financial Audit results consistent with Xxxxxxx 000, XXXx. 4.9.5 The cost of the Financial Audit shall be borne by the Charter School. 4.9.6 In the event that the Charter School has local education agency (“LEA”) status, the Financial Audit shall satisfy the requirements of the Every Student Succeeds Act and the reauthorized Elementary and Secondary Education No Child Left Behind Act for audits of such agencies. 4.9.7 The Financial Audit shall comply with state board of education rule, 5 CSR 30-4.030