Agenda Item #34
Adoption of New Policy 6701 - Charter of Internal Audit
The Audit Committee has recommended that the School Board adopt a new policy 6701 to govern the purpose, authority and responsibilities of the internal audit function. The recommended policy will be entitled Charter of Internal Audit.
Attached are three draft copies of the recommended policy for your review:
Attachment # 1 - the original version created by the Audit Committee Chairman, Mike Raphael and presented to the School Board for review on December 8, 2009.
Attachment # 2 - the recommended version provided by the School Board Attorney and presented to the Audit Committee on March 12, 2010.
Attachment # 3 - the strike through version that modifies both version 1 and 2 and contains recommendations provided by the Audit Committee on March 12, 2010. The Audit Committee recommended a modified version of Mr. Bistline's recommendation.
The Superintendent and the School Board Attorney recommend the adoption of version 2 to be included as Board Policy 6701.
Hold a public hearing to approve the recommendation of the Superintendent and the School Board Attorney to adopt version 2 as School Board Policy 6701.
Information - 5/25/2010
Authority for Action
International Standards for the Professional Practice of Internal Auditing, Attribute Standard 1000
Involves Expenditure of Funds Directly in the Classroom
Source of Funding
Agenda Item will not Require the Expenditure of Funds
Jo Ann Clark, Director of Accounting Services, ext 660
Judy R. Preston, Associate Superintendent of Financial Services, ext 600
Attachment: Attachment #1 Audit Committee Charter Raphael 12-8-09.pdf
Attachment: Attachment #2 Audit Committee Charter Bistline 3-11-10.pdf
Attachment: Attachment #3 Audit Committee Charter Combined 4-29-10.pdf