Question: Auditing the books
When you have a year where you have a new board installed, who actually does the audit of the books for the closing school year? The old board or the new board? Or is this something ya’ll put in your bylaws? We can’t seem to get in touch with our Finance person so I am wondering if we just have our new board do the audit? But I don’t want to step on any toes, just want to get the job done. Any help figuring this out would be greatly appreciated. Thank you also much in advance :-)
Asked by Anonymous
Advice from PTO TodayLiz L writes:
We don't recommend the board or a board member do the audit. It's best practice to either hire someone or recruit someone in your parent community (an accountant or someone who works in finance) to do it. So in this case it would probably be helpful for the outgoing board to get that going, but it really doesn't matter - whatever ends up working best.
Liz from PTO Today
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