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That late audit? It's going be a little later
6:18 PM Thu, Feb 07, 2008 | Permalink
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April 2008
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The district's 2007 audit -- the one that's not going to be flattering -- is still at least four weeks from completion. The report was initially due at the end of December, but now it's looking more like March, board members learned this afternoon. Auditors from Deloitte & Touche haven't yet received the district's finalized 2007 financial statements, said Reem Samra, a director in the the firm's public sector services division. Once those statements are in hand, Deloitte will need about four weeks to inspect and verify them. Officials have previously warned that the audit will reveal systemic weaknesses within the district’s fiscal controls, and they've pledged to use the recommendations to overhaul financial operations. That the audit isn’t likely to be released until March puts DISD trustees in a tough spot. The board must decide this month if it will ask voters to approve, in May, a $1.3 billion school construction program. District officials are concerned that a critical audit will deter voters from approving the construction proposal. And trustees will have to decide whether to put the bond package on the May ballot without knowing exactly how unfavorable the audit will be, or how its findings will be received by the public.
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Comments
Posted by tona @ 1:49 PM Tue, Feb 12, 2008
Why so late? Is that to give the former CFO time to get out of town?