Terms Used In Utah Code > Title 53G > Chapter 7 > Part 4 - Internal Audits

• Appraisal: A determination of property value.
• Audit committee: means a standing committee:
       (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. See Utah Code 53G-7-401
• Audit director: means the person who directs the internal audit program. See Utah Code 53G-7-401
• Contract: A legal written agreement that becomes binding when signed.
• 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
• State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. 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