POLICY TITLE: Internal Audit Function. POLICY NUMBER: 1.092. PURPOSE AND EFFECT: To set forth the purpose, authority, responsibility, organization, and scope of activities, and audit procedures of the internal audit function and the relationship of the Audit Committee to the District Auditor. SUMMARY: This proposed Policy, based on the existing Internal Audit Charter adopted by the Board in 1998, summarizes the authority, responsibilities, and audit procedures of the District Auditor's Office. Also clarifies the District Auditor's authority to audit or obtain information from vendors, and it provides safeguards for the confidentiality of preliminary or draft audit reports, notes, and workpapers until the audit is completed and the final audit report is distributed. Incorporates the District's Audit Manual by reference. SPECIFIC POLICYMAKING AUTHORITY: §§ 230.22(2); 230.23(22), Fla. Stat. LAWS IMPLEMENTED: §§ 119.07(3)(y); 230.22; 230.23(10)(L); 286.011, Fla. Stat. SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COST (IF ONE HAS BEEN PREPARED): None. Any person who wishes to provide information regarding the statement of estimated regulatory costs, or to provide a proposal for a lower cost regulatory alternative, must do so in writing within 21 days of the publication of this Notice. TEXT OF PROPOSED POLICY: Is available from the District’s website at www.palmbeach.k12.fl.us/LLP/revisions.asp (or from Office of Public Affairs, 3336 Forest Hill Blvd. Ste. B-102, West Palm Beach, FL 33406). PERSON WHO MAY BE CONTACTED REGARDING THE PROPOSED POLICY: Lung Chiu, District Auditor, School District of Palm Beach County, 3318 Forest Hill Blvd., Ste. B-302, West Palm Beach, FL 33406. PERSON ORIGINATING THE PROPOSED POLICY: Lung Chiu and Randall Burks. SUPERVISOR OR PERSON WHO APPROVED THE PROPOSED POLICY: Bruce Harris, Esq. (preliminary text was also approved by the Audit Committee on April 12, 2002). DATE PROPOSED POLICY WAS APPROVED BY THE SCHOOL BOARD: April 22, 2002. PROPOSED POLICY DEVELOPMENT WAS PUBLISHED: April 15, 2002, in the Palm Beach Post. HEARING INFORMATION: Adoption of the proposed Policy will be considered at the School Board's Special Meeting on Policies on June 3, 2002 (anticipated to be 3:30 p.m.), in the Board Chambers at 3300 Forest Hill Blvd., West Palm Beach, Fla. The meeting is open to the public.