The Superintendent explained the annual external financial audit is overseen by the Assistant Superintendent of Finance. WISD school policy allows the district to have the same auditor for three years. Then the process of bids is conducted for the next three years. WISD always changes auditors every three years.
The auditors conduct the annual pre-work for 2-3 days in late July or early August. The auditors return in October or the beginning of November for a week. The first year with new auditors takes the longest and by the third year the audit goes more quickly.
The auditors are looking for inconstancy in the financial records and will make recommendations if needed. WISD has never received a negative report or discrepancies.
The results are communicated to the board at the December board meeting. The board received bond copies and a letter. The board will vote, approve and sign the necessary reports. The auditors submit to Texas Education Agency on behalf of the school district.
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