CPA Signature and Date Appendix C Auditor Checklist for Audits of Regents-Authorized Charter Schools – SED- Authorized Charter School Compliance Practice Aid Charter School: Year Ended: Compliance Practice Aid No N/A Explanation Applicable for schools in their first year of operations: Has the school provided the initial statement of controls to SED? Was the initial statement of controls ratified by the Board prior to submission to SED? Has the auditor prepared and submitted the Agreed-Upon Procedures (AUP) report on the initial statement of controls to the school? If there were any findings, has the school remedied the findings within 45 days of the auditors’ report? Applicable for both new and continuing schools: Have the financial statements been prepared on the accrual in accordance with GAAP? Has the audit been conducted in accordance with GAAS, GAGAS, and, if applicable, OMB Uniform Guidance? b (1). Have the independence considerations been documented? b (2). Has the CPA firm had an independent peer review within the last 3 years? b (3). Are all engagement team members compliant with the CPE requirements? Do the financial statements include a statement of functional expenses that follows Appendix D of the Have expense allocations been included as part of the audit, and have the auditors concluded they are reasonable? Do the financial statements disclose any facilities (including square footage), transportation services, or services provided by the local district? Is the required report on internal control over financial reporting and on compliance with provisions of laws, regulations, contracts and grant agreements been prepared? If the school has expended over $750,000 in Federal has a Single Audit been completed? g (1). Has the required report on compliance and internal control over compliance of major programs and the SEFA been prepared?
CPA Signature and Date Appendix C – Auditor Checklist for Audits of Regents-Authorized Charter Schools SED- Authorized Charter School Compliance Practice Aid Charter School: Year Ended: Compliance Practice Aid No N/A Explanation Applicable for schools in their first year of operations: Has the school provided the initial statement of controls to SED? Was the initial statement of controls ratified by the Board prior to submission to SED? Has the auditor prepared and submitted the Agreed-Upon Procedures (AUP) report on the initial statement of controls to the school? If there were any findings, has the school remedied the findings within 45 days of the auditors’ report? Applicable for both new and continuing schools: Have the financial statements been prepared on the accrual in accordance with GAAP? Has the audit been conducted in accordance with GAAS, GAGAS, and, if applicable, OMB Uniform Guidance? b (1). Have the independence considerations been documented? b (2). Has the CPA firm had an independent peer review within the last 3 years? b (3). Are all engagement team members compliant with the CPE requirements? Do the financial statements include a statement of functional expenses that follows Appendix D of the Have expense allocations been included as part of the audit, and have the auditors concluded they are reasonable? Do the financial statements disclose any facilities (including square footage), transportation services, or services provided by the local district? Is the required report on internal control over financial reporting and on compliance with provisions of laws, regulations, contracts and grant agreements been prepared? If the school has expended over $750,000 in Federal has a Single Audit been completed? g (1). Has the required report on compliance and internal control over compliance of major programs and the SEFA been prepared?
auditguide2018.docx