Audit Guide (Updated April 2016)
This guide provides assistance to auditors of charter schools authorized by the Board of Regents as well as for any charter school receiving Federal Charter School Program (“CSP”) funds through the NYS Education Department. This guidance is focused on helping auditors understand the differences between charter schools and other non-profit entities, as well as providing specific guidance to the auditor and charter school management about the form and content of reports and testing required by NYSED and NYS law for Regents-authorized charter schools.
This Guide will be effective beginning with the 2015-16 audits of charter schools. Please take the time to review the contents of the Guide and, most importantly, to share the document with your independent auditor.