CSDA is Sponsoring legislation, AB 2613 (Achadjian) to address the costs of annual audit requirements for small districts. The bill will authorize a special district with annual revenues of $150,000 or less to replace its annual audit with an annual financial compilation and review of the internal control and procedures. This bill will give special districts in good standing the opportunity to utilize a less costly alternative to the regular audit or financial review, while continuing to maintain proper financial oversight and accountability.
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