Annual Audit Process Clause Samples
Annual Audit Process. Prepare confirms and accumulate information required during course of audit. Such confirms will be signed by Fund officers. Accumulation of information required by the auditors such as NAVs, net assets, shares outstanding, as-of activity, and journal activity as required for SAS 99 testing.
Annual Audit Process. WCA shall not be part of the annual District fiscal auditing process. WCA shall be responsible for having an annual fiscal audit done of the entire WCA operation in accordance with all standards of school accounting as specified by the County Office. Such audit shall be conducted by an auditor knowledgeable and experienced with public school finance and shall include all revenue/income and expenditures/allocations of WCA, including those held in private accounts on behalf of WCA. A copy of the final audit report shall be submitted to the District within one week of completion. WCA and its agents at WCA agree to implement all audit recommendations unless other terms are agreed to between the District and WCA.