AL SB388

Amends Section 16-13A-7 of the Code of Alabama 1975 to authorize county boards of education to employ certified public accounting firms to perform annual financial audits, matching authority previously available only to city boards of education.

County school systems that employ private accounting firms must adhere to Department of Examiners of Public Accounts standards for legal and program compliance audits, with adverse findings reported to the State Superintendent of Education.

County systems under state financial intervention by the State Superintendent of Education must be audited by the Department of Examiners of Public Accounts for three consecutive years.

Private certified public accounting firms must report adverse audit findings involving misappropriation or theft to the State Superintendent of Education, the appropriate district attorney, and the Attorney General.

Becomes effective on the first day of the third month following passage and approval by the Governor.