Committee to Oversee the Charter School Audit List (COSAL)

Overview

1. The governing body of a charter school or university school for profoundly gifted pupils shall cause the charter     school or university school for profoundly gifted pupils to be audited on an annual basis.
2. All audits must be performed:
    (a) By a certified public accountant or accounting firm selected by the governing body of the charter school     from a list developed by a committee consisting of two members appointed by the Superintendent of Public     Instruction, two members appointed by the State Public Charter School Authority and two members appointed     by the Director of the Office of Finance; and
    (b) In accordance with the Government Auditing Standards, 2011 Revision, issued by the Comptroller General     of the United States. The Department hereby adopts the Government Auditing Standards by reference. A copy     of the standards may be obtained free of charge from the United States Government Accountability Office at     the Internet address

• Government Auditing Standards (external link)
• Adopted Regulations (external link)

Calendar of Events

• February 2019 – Notifications to Auditors and Publication of Auditor List