The Board of Education shall provide for an annual audit of its financial transactions and accounts. The audit shall be made by a certified public accountant or a partnership of certified public accountants who are licensed by the State Board of Public Accounting and approved by the State Superintendent of Schools. The audit shall be made in accordance with the standards and regulations adopted by the State Board. The results of the audit shall be reported within 3 months after the close of the fiscal year for the Board to the State Superintendent and the County fiscal authority.
Legal Reference: MD. Ann. Code, Educ. Art. § 5-109.
Updated October 26, 2005
