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Board reviews proposed $115,000 audit engagement and hears district finance updates; software pilot identifies recoverable state funding
Summary
Catoosa County finance leaders proposed a one-time, not-to-exceed $115,000 engagement with Cherry Beckhart to perform a combined performance and internal audit covering the past five years; staff warned of additional internal costs and emphasized the workload the review will require.
District finance leaders asked the Catoosa County Board of Education on Nov. 4 to approve a service agreement with Cherry Beckhart to perform a combined performance and internal financial audit, risk assessment and internal-audit review of recent years’ operations.
Director Carter described the scope as a performance audit (efficiency, effectiveness and economy) and an internal-audit review (controls, compliance and financial disclosures). "This agreement includes a total not to exceed fee of $115,000 for this year," Carter said.
An audit-selection participant explained the selection process and negotiations: three firms were considered, one firm withdrew and another presented a potential conflict because it had prepared the…
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