CA AB1950

Requires the Controller to publish an annual directory of qualified certified public accountants licensed by the California Board of Accountancy to conduct charter school audits, with charter schools required to select auditors from this directory.

Prohibits charter schools from operating as or being operated by for-profit corporations; allows operation only as nonprofit public benefit corporations.

Requires the Controller to propose and the Education Audits Appeal Panel to adopt a charter school supplement to the audit guide providing specific guidance on audit requirements unique to charter schools.

Authorizes charter renewals for periods of 1 to 5 years and prohibits renewals longer than 3 years for schools in program improvement or year 5 of program improvement that have not met Adequate Yearly Progress.

Allows school districts and county boards to deny charter petitions if the petitioner has operated another charter school for at least 3 consecutive years and that school has demonstrated persistently low achievement, failed renewal, or had its charter revoked.