D-440.1 Audits
| Authority | Vice President of Finance and College Operations/CFO |
| Effective Date | September 1, 2021 |
| Revision Date | September 18, 2024 |
| Reviewed Date | |
| Related Policies | |
| Related Forms, Policies, Procedures, Statute |
Wisconsin Statutes 38.04 (11) Wisconsin Administrative Code – TCS 7.08 – April 1999 34 Code of Federal Regulations Part 668.23 |
The District Board shall award the contract for audit services to a firm or individual who shall be a licensed, certified public accountant. An auditing firm’s contract shall be for no longer than five (5) years. The audit shall include all funds under the control or jurisdiction of the College. The audit shall identify all expenditures by a source of funds and shall contain:
A statement that the audit was conducted under appropriate standards and college procedures and a summary of audit exceptions and management recommendations.
Audit reports must be presented to the District Board no later than six (6) months after the fiscal year-end date.