Section 18071 - Audits and Auditors(a) Contractors shall submit to the California Department of Education (CDE) Office of External Audits an acceptable annual financial and compliance audit.(b) All audits shall be performed by: (1) A Certified Public Accountant who possesses a valid license to practice within the State of California;(2) A Public Accountant licensed on or before December 31, 1970 and currently certified and licensed by the State of California; or(3) A member of the CDE staff of auditors.(c) Non-school district contractors shall submit the audit by the fifteenth day of the fifth month following the end of the contract period or earlier if specified by the CDE.(d) The audits for school districts and county offices of education shall be submitted to the State Controller by November 15, or by December 31 if an extension has been approved by the applicable county superintendent of schools.(e) If, for any reason, the contract is terminated during the contract period, the audit shall cover the period from the beginning of the contract through the date of termination.(f) Public agencies may have their audits prepared by in-house auditors if the public contractor has internal audit staff that performs auditing functions and meets the tests of independence found in Standards for Audits of Governmental Organization, Programs, Activities, and Functions issued by the Comptroller General of the United States.(g) Subcontracts which are required to have approval from the Child Development Division prior to their execution as specified in section 18028 of this Division shall be audited in accordance with the requirements stated in section 18032 of this Division.Cal. Code Regs. Tit. 5, § 18071
1. New section filed 11-21-88; operative 1-1-89 (Register 88, No. 50).
2. Change without regulatory effect amending subsections (a), (b)(3)-(c) and (g) filed 12-23-2010 pursuant to section 100, title 1, California Code of Regulations (Register 2010, No. 52). Note: Authority cited: Section 8261, Education Code. Reference: Sections 8261, 8448, 33420 and 41020.5.
1. New section filed 11-21-88; operative 1-1-89 (Register 88, No. 50).
2. Change without regulatory effect amending subsections (a), (b)(3)-(c) and (g) filed 12-23-2010 pursuant to section 100, title 1, California Code of Regulations (Register 2010, No. 52).