Utah Code 53G-7-401. Definitions
Current as of: 2024 | Check for updates
|
Other versions
As used in this part:
(1) “Audit committee” means a standing committee:
Terms Used In Utah Code 53G-7-401
- Appraisal: A determination of property value.
- Internal audit: means an independent appraisal activity established within a local education agency as a control system to examine and evaluate the adequacy and effectiveness of other internal control systems within the local education agency. See Utah Code 53G-7-401
- Internal audit program: means an audit function that:(5)(a) is conducted by a local school board or charter school governing board independent of the local education agency offices or other operations;(5)(b) objectively evaluates the effectiveness of the local education agency governance, risk management, internal controls, and the efficiency of operations; and(5)(c) is conducted in accordance with the current:(5)(c)(i) International Standards for the Professional Practice of Internal Auditing; or(5)(c)(ii) The Government Auditing Standards, issued by the Comptroller General of the United States. See Utah Code 53G-7-401
- Local education agency: means a school district or charter school. See Utah Code 53G-7-401
- Person: means :
(24)(a) an individual;(24)(b) an association;(24)(c) an institution;(24)(d) a corporation;(24)(e) a company;(24)(f) a trust;(24)(g) a limited liability company;(24)(h) a partnership;(24)(i) a political subdivision;(24)(j) a government office, department, division, bureau, or other body of government; and(24)(k) any other organization or entity. See Utah Code 68-3-12.5- United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5
(1)(a) appointed by the local school board or charter school governing board with the following number of members as applicable to the local school board or charter school governing board:(1)(a)(i) for a board of a local education agency that consists of seven or more members, three members of that board; or(1)(a)(ii) for a board of a local education agency that consists of six or fewer members, two members of that board; and(1)(b) composed of people who are not administrators or employees of the local education agency.(2) “Audit director” means the person who directs the internal audit program.(3) “Audit plan” means a prioritized list of audits to be performed by an internal audit program within a specified period of time.(4) “Internal audit” means an independent appraisal activity established within a local education agency as a control system to examine and evaluate the adequacy and effectiveness of other internal control systems within the local education agency.(5) “Internal audit program” means an audit function that:(5)(a) is conducted by a local school board or charter school governing board independent of the local education agency offices or other operations;(5)(b) objectively evaluates the effectiveness of the local education agency governance, risk management, internal controls, and the efficiency of operations; and(5)(c) is conducted in accordance with the current:(5)(c)(i) International Standards for the Professional Practice of Internal Auditing; or(5)(c)(ii) The Government Auditing Standards, issued by the Comptroller General of the United States.(6) “Local education agency” means a school district or charter school.