BOT Board of Trustees – - Charter Management Organization - organized as a non-profit (similar to an EMO) CMO Compliance Supplement Issued annually by the GAO, provides guidance in performing a Single Audit – CPA Certified Public Accountant – CPE - Continuing Professional Education CSO Charter School Office – CSP Charter Schools Program – DOE - Department of Education EMO - Education Management Organization organized as a for-profit (similar to a CMO) – Financial Accounting Standards FASB – FTE Full Time Equivalent – GAAP - Generally Accepted Accounting Principles GAAS - Generally Accepted Auditing Standards GAGAS - Generally Accepted Government Auditing Standards GAO - United States Government Accountability Office GAQC - Governmental Quality Center section of the AICPA which provides guidance to auditors in – performing Governmental and Single Audits IEP - Individualized Education Program prepared for each special education student – Initial Statement Initial Statement of Controls provided by the Charter School to NYSED concerning the status of – management and financial controls NYCDOE New York City Department of Education – New York State Education Department – OMB Circular A-133 United States Office of Management and Budget Circular A-133 – SEFA - Schedule of Federal Expenditures included in financial statements audited in accordance with OMB – Circular A-133 Single Audit Audit conducted in accordance with OMB Circular A-133 –
BOT – Board of Trustees CMO - Charter Management Organization - organized as a non-profit (similar to an EMO) Compliance Supplement – Issued annually by the GAO, provides guidance in performing a Single Audit CPA – Certified Public Accountant CPE - Continuing Professional Education CSO – Charter School Office CSP – Charter Schools Program DOE - Department of Education EMO - Education Management Organization – organized as a for-profit (similar to a CMO) FASB – Financial Accounting Standards FTE – Full Time Equivalent GAAP - Generally Accepted Accounting Principles GAAS - Generally Accepted Auditing Standards GAGAS - Generally Accepted Government Auditing Standards GAO - United States Government Accountability Office GAQC - Governmental Quality Center – section of the AICPA which provides guidance to auditors in performing Governmental and Single Audits IEP - Individualized Education Program – prepared for each special education student Initial Statement – Initial Statement of Controls provided by the Charter School to NYSED concerning the status of management and financial controls NYCDOE – New York City Department of Education – New York State Education Department OMB Circular A-133 – United States Office of Management and Budget Circular A-133 SEFA - Schedule of Federal Expenditures – included in financial statements audited in accordance with OMB Circular A-133 Single Audit – Audit conducted in accordance with OMB Circular A-133
NYSEDauditguide2014-15041515FINAL.docx