18A:23-2 - Scope of audit - New Jersey Statutes

18A:23-2.  Scope of audit
    Each annual audit shall include an audit of the books, accounts and moneys,  and a verification of all cash and bank balances, of the board and of any  officer or employee thereof and of moneys derived from athletic events or the  activities of any organization of public school pupils conducted under the  auspices of the board, from the date of the last annual audit to the date of  the audit in question.  Such audit shall also include a determination of the  extent to which the school board has used contracts entered into by the State  Division of Purchase and Property pursuant to P.L.1969, c. 104 (C. 52:25-16.1  et seq.) in the purchase of materials, supplies or equipment for the school  district.

L.1967, c.271; amended by L.1975, c. 212, s. 31, eff. July 1, 1976.