FL S7104

Redefines "financial audit" and "operational audit" to align with generally accepted auditing standards and Single Audit Act requirements for federal compliance.

Changes financial audit requirements for district school boards in counties with populations of 150,000 or more from annual to once every 3 years.

Extends operational audit cycles from every 2 years to every 3 years for state agencies, universities, colleges, district school boards, and other specified entities.

Removes Auditor General's responsibility for conducting annual audits of the Wireless Emergency Telephone System Fund, criminal justice trust funds, and the Emergency Communications Number E911 System Fund.

Requires colleges and universities receiving Florida Bright Futures Scholarship Program funds exceeding $100,000 annually to obtain independent financial audits, with audit reports due within 9 months after fiscal year end; institutions not subject to audit must attest under penalty of perjury to compliance with law.