This course describes the CBOC receiving and reviewing before March 31 for the fiscal year ended before June 30, the required annual performance audit prepared by the district’s auditor, including how the CBOC should participate in the determination of scope, entrance conference, review of the draft report, exit conferences and presentation of the final report to the CBOC and recommendations to the governing board. It also includes a discussion of how performance audits can be used to review systems and compliance with the same and the effectiveness and results of bond expenditures.
What You'll learn:
Understand the purpose and different types of performance audits—including program effectiveness, internal control, compliance, and perspective analysis—and how they differ from financial audits.
Learn the specific Prop 39 requirements for annual independent performance audits to ensure bond funds are used properly for school construction and modernization.
Discover the role of the CBOC in overseeing performance audits, including setting audit scope, participating in audit meetings, and asking critical questions to improve accountability.
Gain insights on audit scope suggestions, key areas to review like procurement and contract claims, and resources available to support effective audit oversight.
Features Included:
Course Curriculum
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- Performance Audits 00:00:00
