Section 53G-7-401 - DefinitionsAs used in this part:
(1) "Audit committee" means a standing committee:(a) appointed by the local school board or charter school governing board with the following number of members as applicable to the local school board or charter school governing board: (i) for a board of a local education agency that consists of seven or more members, three members of that board; or(ii) for a board of a local education agency that consists of six or fewer members, two members of that board; and(b) composed of people who are not administrators or employees of the local education agency.(2) "Audit director" means the person who directs the internal audit program.(3) "Audit plan" means a prioritized list of audits to be performed by an internal audit program within a specified period of time.(4) "Internal audit" means an independent appraisal activity established within a local education agency as a control system to examine and evaluate the adequacy and effectiveness of other internal control systems within the local education agency.(5) "Internal audit program" means an audit function that: (a) is conducted by a local school board or charter school governing board independent of the local education agency offices or other operations;(b) objectively evaluates the effectiveness of the local education agency governance, risk management, internal controls, and the efficiency of operations; and(c) is conducted in accordance with the current:(i) International Standards for the Professional Practice of Internal Auditing; or(ii) The Government Auditing Standards, issued by the Comptroller General of the United States.(6) "Local education agency" means a school district or charter school.Renumbered from § 53A-30-102 by Chapter 3, 2018 General Session ,§ 199, eff. 1/24/2018.Added by Chapter 433, 2014 General Session ,§ 2, eff. 5/13/2014.