Nj pta audit 2025

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The audit is performed by the elected Auditor or can be performed by an appointed Association Member of the PTA, or by Committee. If you do not have an Auditor, the Council will help you perform your audit or we can do the audit for you.
As the auditor, you will use the audit review checklist to examine both the treasurers books and those of the financial secretary (if you have one). You will markoff items as you review them and make notes of any missing items. You will add up the total income and disbursements and fill out the audit report form.
The PTA financial review serves as an official examination of the financial records conducted by the financial reviewer, appointed financial review committee, or paid professional auditor at the times specified in the bylaws and when there is a change in financial officers.
Auditors believe that the movement promotes transparency and open government. They argue that auditing raises awareness of police misconduct and pressures government agencies to train their employees to respect First Amendment rights.
Auditing is more than verifying addition and subtraction. It involves following all financial transactions through the records to be sure receipts have been properly accounted for and expenditures made as authorized in the minutes and in con- formity with unit PTA bylaws, standing rules and budget limita- tions.

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The auditors objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors report that includes the auditors opinion.
A financial review is required by both our insurance company and the California Attorney Generals office to ensure that PTA funds are being spent on things that the association has approved and that the money is being accounted for correctly and transparently.

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