RULE NUMBER: Policy 1.092.

SUBJECT AREA TO BE ADDRESSED: The purpose, authority, responsibility, organization, scope of activities, and audit procedures of the internal audit function and the relationship of the Board and Audit Committee to the District Auditor.

PURPOSE AND EFFECT: 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 and its relationship to the School Board and Audit Committee. 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 RULEMAKING 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.

CONTACT PERSON: Lung Chiu, 3318 Forest Hill Blvd., Ste. B-302, West Palm Beach, FL 33406.

THE PRELIMINARY TEXT of the rule development may be promptly obtained without cost from the District’s web site at www.SchoolBoardPolicies.com/revisions.htm (or from Office of Public Affairs, 3336 Forest Hill Blvd. Ste. B-102, West Palm Beach, FL 33406).

RULE DEVELOPMENT HEARING: It is anticipated that development of this Policy may be considered at the Special Meeting on Policies at 2:00 p.m. on October 14 or the regular Board meeting on October 16, 2002, which begins at 5:00 p.m. in the Board Chambers at 3300 Forest Hill Blvd., West Palm Beach, Fla. All of these meetings are open to the public.