The Role of The Board of Education
1000 - Bylaws
1339 INTERNAL AUDIT FUNCTION
No later than July 1, 2006, the District shall establish an Internal Audit Function to be in operation no later than December 31, 2006. The Internal Audit Function shall include:
- Development of a risk assessment of District operations including, but not limited to, a review of financial policies, procedures and practices;
- An annual review and update of such risk assessment;
- Annual testing and evaluation of one (1) or more of the District's internal controls, taking into account risk, control weaknesses, size, and complexity of operations;
- Preparation of reports, at least annually or more frequently as the Board may direct, which analyze significant risk assessment findings, recommend changes for strengthening controls and reducing identified risks, and specify timeframes for implementation of such recommendations.
Personnel or entities serving as the Internal Auditor and performing the Internal Audit Function shall report directly to the Board of Education. The Audit Committee shall assist in the oversight of the Internal Audit Function on behalf of the Board.
Education Law Sections 1950, 2116-b and 2116-c
New York Code of Rules and Regulations (NYCRR) Section 170.12(d)
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