FL H5009

Amends financial audit standards to require compliance with auditing standards generally accepted in the United States and government auditing standards, and expands scope to include Single Audit Act requirements when applicable.

Expands operational audit definition to include evaluation of internal controls designed to prevent and detect fraud, waste, and abuse, and requires compliance with government auditing standards.

Changes audit frequency for certain entities: district school boards in counties with 150,000+ population from annually to once every 3 years; operational audits of state agencies, universities, colleges, school boards, and other entities from every 2 years to every 3 years.

Removes Auditor General's responsibility to audit the Investment Fraud Restoration Financing Corporation, the Florida Clerks of Court Operations Corporation, the Florida School for the Deaf and Blind, and criminal justice trust funds; transfers surplus property record rules from Auditor General to Chief Financial Officer.

Authorizes Auditor General to audit virtual education providers receiving state funds or local ad valorem tax funds, and requires institutions receiving Bright Futures Scholarship funds exceeding $100,000 to obtain financial audits every 2 years or provide attestations of compliance under penalty of perjury.