State of Arizona Office of the Auditor General

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  Charter Schools - Frequently Asked Questions: Audit Requirements
  1. How often are charter schools required to have an audit?
Statute requires all charter schools to have either a financial and compliance (single) audit or financial statement audit annually. See USFRCS §VIII for specific audit requirements.
  1. Can a charter school that is a part of a larger organization have a separate audit of the charter school?
Yes. A charter school that is a part of a larger organization may have a separate audit of the charter school. Statute requires all charter schools to have an annual audit. If a charter school is part of a larger entity, it may be included in the audit of the entire entity, or it may be audited separately. See USFRCS §VIII for specific audit requirements.
 
 

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