Independent Financial Audit Services

2026-11-03

The selected audit firm shall provide all services necessary to meet Utah LEA audit requirements , including but not limited to : A . Financial Audit Conduct an annual audit in accordance with : Generally Accepted Auditing Standards ( GAAS ) Generally Accepted Accounting Principles ( GAAP ) Utah State Board of Education audit guidelines Utah Code § 53E - 7 - 401 USBE Rule R277 - 107 Prepare audited financial statements using the USBE - required reporting formats Submit all required audit reports through the USBE Audit Reporting System by the statutory deadline B . Federal Compliance / Single Audit ( if applicable ) Conduct a Single Audit in accordance with : Uniform Administrative Requirements , Cost Principles , and Audit Requirements for Federal Awards ( 2 CFR Part 200 ) Utah - specific federal program compliance requirements Prepare and submit the Data Collection Form ( SF - SAC ), if required C . Internal Controls and Compliance Review internal controls over financial reporting Test compliance with : State statutes and administrative rules Federal grant requirements Charter school financial accountability standards Provide a management letter identifying any findings , deficiencies , or recommendations D . Presentation and Consultation Present audit results to : School administration The Audit Committee The Governing Board ( if requested ) Provide technical assistance related to audit findings or required corrective actions

Utah

2026-05-02