Common use of Annual Financial Statement Audit Clause in Contracts

Annual Financial Statement Audit. The Academy shall conduct an annual financial statement audit prepared and reviewed by an independent certified public accountant. The Academy Board shall select, retain, and pay the Academy’s independent auditor. The Academy Board shall not approve the retention of any independent auditor if that independent auditor or the auditor’s firm is also performing accounting and/or auditing services for the Academy’s Educational Service Provider, if any. In accordance with timeframes set forth in the Master Calendar, the Academy shall submit one (1) copy of the annual financial statement audit, auditor’s management letters and any responses to auditor’s management letters to the Charter Schools Office.

Annual Financial Statement Audit. The Academy shall conduct an annual financial statement audit prepared and reviewed by an independent certified public accountant. The Academy Board shall select, retain, retain and pay the Academy’s independent auditor. The Academy Board shall not approve the retention of any independent auditor if that independent auditor or the auditor’s firm is also performing accounting and/or auditing services for the Academy’s Educational Service Provider, if anyapplicable. In accordance with timeframes set forth in the Master Calendar, the Academy shall submit one (1) copy of the annual financial statement audit, auditor’s management letters and any responses to auditor’s management letters to the Charter Schools Office.