Ask Experts Questions for FREE Help !
Ask
    Sassylisab's Avatar
    Sassylisab Posts: 4, Reputation: 1
    New Member
    		  
    #1

    Mar 14, 2014, 07:34 AM
    What are the proper dates to use for a financial audit of a school?
    When conducting a financial audit for a school, e.g.. 2011-2012, do you look at transactions from January to December of each year?
    smoothy's Avatar
    smoothy Posts: 25,490, Reputation: 2853
    Uber Member
    		  
    #2

    Mar 14, 2014, 08:50 AM
    What do they define their fiscal year as... and the answer to that doesn't have to match the calender year, and probibly doesn't.
    Sassylisab's Avatar
    Sassylisab Posts: 4, Reputation: 1
    New Member
    		  
    #3

    Mar 15, 2014, 06:08 PM
    Quote Originally Posted by smoothy View Post
    What do they define their fiscal year as... and the answer to that doesn't have to match the calender year, and probibly doesn't.
    September - August
    smoothy's Avatar
    smoothy Posts: 25,490, Reputation: 2853
    Uber Member
    		  
    #4

    Mar 15, 2014, 07:40 PM
    I would use that then... because Augusts Finances fall on the previous years bugets... while septembers a month later will count againts the next years.

    THe 2011 fiscal year would run from Sept 2010 thru August 2011, with sept 2011 - august 2012 being the 2012 fiscal year.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Financial aid for ex offenders for school [ 3 Answers ]

I am a 22 year old male. That has been out of jail for a couple of mounths now.. I was woundering is there any way I can get financial aid to go to school, even though I am a fellion?

Tax audit. Filed wrong 1099 forms from previous year and received an audit notice [ 1 Answers ]

In 2008 I filed my taxes for 2007 and used the wrong 1099 forms for that specific year, 2007. It seems my tax preparer used my 2006 1099 forms, for the year 2007, and my income was $70,000 higher in 2006 than 2007. Therefore, I reported $70,000 more income than actually earned. My tax preparer...

Financial Assistance for Boarding School [ 3 Answers ]

I'm a single grandparent raising my grandson. I want to send him to a boarding school. I need help with financial assistance/grant/scholarships. Can you direct me?

Financial aid for high school [ 1 Answers ]

How can I get financial aid or a grant for a private high school

View more questions Search