Louisiana Governmental Audit Guide

Special Reporting Requirements In The State Of Louisiana

Special Reporting – School Board Performance Measures And Agreed-Upon Procedures Report (300-1120)

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DISCLAIMER
The Louisiana Governmental Audit Guide (LAGAG) is authorized by Louisiana Revised Statute 24:513 A. (5) (a) (i) to set forth the standards by which the engagements of local governments and quasi-public organizations (local auditees) are to be performed. The LAGAG is jointly produced by the Louisiana Legislative Auditor (LLA) and the Society of Louisiana Certified Public Accountants.

Although the LAGAG is intended to assist CPAs in performing their audits and other engagements for local auditees, it does not include a detailed analysis of the professional auditing and accounting standards a CPA must consider during his or her audit, review/attestation or compilation engagements; nor is it a substitute for professional judgment. CPAs must reach their own conclusions through research of all applicable auditing and accounting standards, in addition to the LAGAG, in the performance of their local auditee engagements.

In addition, although the LAGAG is intended to assist local auditees, it does not include all of the legal and accounting information an agency needs to perform its operations; nor is it a substitute for professional, legal or accounting advice; or professional or personal judgment. Local auditees should use the information in the LAGAG, in conjunction with the guidance of the professionals most familiar with the particular facts and circumstances regarding their agency, in the performance of their operations.

For questions and comments about the LAGAG, please contact LLA at (225) 339-3800.


The audit law LLA LaGAG (Louisiana Revised Statute (R.S.) 24:514 I.) requires that schedules of performance and statistical data accompany the annual financial statements of local public school boards LLA LaGAG. This requirement also applies to charter schools LLA LaGAG that do not report their performance and statistical data with the audit report of a local school board.

These schedules include such information as:
    Ø General fund instructional and support expenditures and certain local revenue sources
    Ø Class size characteristics
    Ø Education levels and experience of public school staff
    Ø Average salaries of public school staff

R.S. 24:514 I. also requires that this data be the subject of assurances provided as a part of the financial statement audit. This assurance takes the form of an agreed-upon procedures report. The agreed-upon procedures engagement LLA LaGAG is performed by the CPA firm that is also performing the school board’s regular audit report.

The performance measures schedules and the agreed-upon procedures report are included in the audit report of every local school board, and every charter school that does not report its performance measures with a local school board.

Exceptions noted in any of the procedures performed are included in the agreed-upon procedures report, along with management’s response and plan of corrective action.

Providing the tools to assist local school boards, charter schools and their auditors in fulfilling this provision of the law is a joint effort of the Louisiana Department of Education (LDOE) and the Louisiana Legislative Auditor (LLA). The information regarding these schedules that is available on the LLA website includes:
    Ø Current information from the LDOE about the most recent performance measures schedules, including where the information for the schedules may be obtained LLA LaGAG
    Ø Illustrative performance measures schedules templates in Excel format, prepared by LLA LLA LaGAG

    Ø Illustrative agreed-upon procedures report, prepared by LLA LLA LaGAG

QUESTIONS:

Q. Is the agreed-upon procedures engagement on school board performance measures approved separately from the school board or charter school audit?
A. No. When a CPA firm submits a school board or charter school audit engagement for approval, LLA assumes that the CPA firm that performs the audit will also perform the agreed-upon procedures engagement.


NB: This document is the current version as of 09/30/2019.

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