Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Audit topic
No spam. Unsubscribe anytime.
Audit committee approves fraud‑risk assessment; finance software migration to new vendor scheduled
Summary
Audit committee members reported the annual fraud-risk self-assessment will be submitted to the state auditor; the district lacks a formal internal-audit position but otherwise meets controls, and staff said the district's accounting software (TES) was acquired by a new vendor (KEV/KEB) with training scheduled and a brief payment-processing outage expected during transition.
Jake reported the audit committee met and reviewed the annual fraud-risk self-assessment that will be submitted to the state auditor's office. He said the district "check[s] every box except the one, which we do not have a formal internal audit position," noting the district is not required to maintain that role unless its enrollment exceeds 10,000 students.
Jake also told board members that the district's financial software (TES) was acquired by KEV/KEB; training for financial secretaries will begin soon and the system is expected to be operational by mid‑April. He warned there could be a week or two during which schools will be unable to accept some payments while the transition is finalized. The board later moved to approve the fiscal-year 2026 fraud-risk assessment for submission to the state auditor's office.
