The District shall be audited annually.
The Board shall appoint an independent auditor to conduct the audit. The audit shall be performed in conformance with generally accepted governmental auditing standards as defined by the United States General Accounting Office.
One copy of the audit report is to be submitted to the State Department of Education following its acceptance by the Board but no later than October 15 of each year. Two copies of the report are to be submitted to the state legislative services each year within ten (10) days after receiving the audit from the District’s independent auditor. [IC 33-706 (6), 67-405B, 67-405C] (6-18-02)