FILE: DID
AUDITS
The Vermilion Parish School Board shall require all financial records and accounts, including business transactions, of the school district and each school to be audited. The audit of selected accounts shall be conducted by designated independent auditors in conformance with prescribed standards and legal requirements. Said audits, upon completion, shall be presented to the School Board for examination on or before December 31 of each year.
Other financial audits shall also be made of appropriate accounts upon the transfer, resignation, or dismissal of personnel responsible for receiving and disbursing school funds, or whenever, in the opinion of the School Board, a financial audit is deemed advisable. The School Board’s Business Department, a certified public accountant or a reputable accounting firm shall conduct such audits as necessary.
All audits shall be conducted and filed in accordance with statutory provisions. Should any error or discrepancies be found as a result of any audit, any personnel found responsible may be subject to disciplinary action, up to and including termination.
INTERNAL AUDITING
All school audits shall be conducted on an unannounced basis with the time of each audit to be determined beforehand by the Superintendent and the auditor.
The school principal is responsible for all funds, including savings accounts. A list of all savings accounts shall be forwarded to the Superintendent for use by the internal auditor.
Adopted: July 20, 2016
Ref: La. Rev. Stat. Ann. §§17:81, 17:88, 17:89, 17:196, 24:513, 24:514, 24:515
Board minutes, 3-15-01, 7-20-16
Vermilion Parish School Board