AZ HB4113

Requires the Arizona Department of Education to develop risk-based auditing procedures for Empowerment Scholarship Account (ESA) audits in consultation with the Auditor General, including annual, random, and quarterly audits to ensure compliance.

Mandates the State Board of Education to establish minimum financial performance and reporting requirements for qualified schools accepting ESA payments, including data points comparable to those required of public school districts and charter schools.

Requires the department to develop a financial transparency portal displaying financial information reported by qualified schools, with authority to contract with third parties for development and maintenance.

Establishes a mandatory program review by the Joint Legislative Audit Committee by July 1, 2034 and at least every ten years thereafter, including performance audits by the Auditor General to assess program efficiency and effectiveness.

Requires qualified schools receiving ESA funds to comply with Auditor General reporting requirements, participate in hearings, and respond to department requests for financial transparency portal information.