Prepare for Your Audit! Steps 5 & 6: Review and Submit Your Audit 

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By EdTec Staff November 14, 2018 You’ve made your way through the first four steps of the audit cycle – now all that’s left to do is review the audit report and submit!  For California charters, these last two steps occur in November and December.    Contents of an Audit Report An audit report contains 14 sections. See the chart below for a summary … Read More

Prepare for Your Audit! Step 4: The Main Audit.

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By EdTec Staff August 8, 2018 You’ve selected an auditor, communicated with them frequently, and completed the pre-audit steps. Now it’s time for The Main Audit. This phase involves all information as of the fiscal year close and occurs between August and November. During this stage the audit firm will perform fieldwork at your school and request sample financial transactions from … Read More

Prepare for Your Audit! Step 3: The Pre-Audit

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By the EdTec Client Management Team  March 22, 2018 In our last blog post, we covered the first two phases of the audit cycle: Auditor Solicitation and Auditor Engagement. In this post, we’ll take a deeper dive into the third phase, the Pre-Audit. This phase occurs between April and June, and involves the auditor’s first visit to the school and frequent communication between … Read More

Prepare for Your Audit! Steps 1 & 2: Choose an Audit Firm and Engage

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By the EdTec Client Management Team  December 12, 2017 An audit is an official, independent review of your charter school’s financial statements by an approved CPA. An annual audit is required of charters in most states.   There is much preparation required before the annual audit.  The timeline below breaks up the charter school audit cycle into multiple phases and includes suggested dates. In today’s blog post, we’re going to focus on the … Read More