Terms Used In Utah Code > Title 53G > Chapter 7 > Part 4 - Internal Audits

• Appraisal: A determination of property value.
• 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. See Utah Code 53G-7-401 Audit director: means the person who directs the internal audit program. See Utah Code 53G-7-401 Contract: A legal written agreement that becomes binding when signed. 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. See Utah Code 53G-7-401 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. See Utah Code 53G-7-401 Local education agency: means a school district or charter school. See Utah Code 53G-7-401 Person: means :Utah Code 68-3-12.5 State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5 United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5