2016 Arizona Revised Statutes
Title 15 - Education
§ 15-2111 Audit
15-2111. Audit
A. The governing board shall cause an annual audit to be made of the impact aid revenue bond building fund and the impact aid revenue bond debt service fund, including all accounts and subaccounts in the funds. A certified public accountant shall conduct the audit within ninety days after the end of the fiscal year.
B. The governing board shall immediately file a certified copy of the audit with the auditor general. The auditor general may make any further audits and examinations that are considered to be necessary and take appropriate action relating to the audit or examination pursuant to title 41, chapter 7, article 10.1. If the auditor general takes no official action within thirty days after the audit is filed, the audit is considered to be sufficient.
C. The governing board shall pay negotiated and approved fees and costs of the certified public accountant and auditor general under this section from the impact aid revenue bond debt service fund.
Disclaimer: These codes may not be the most recent version. Arizona may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
