School Districts

School Districts

School District External Audits

We have provided external audit and consulting services to New York State school districts and BOCES for over 30 years. Over this time, we have developed a strong track record for anticipating and responding to the needs of school districts and BOCES due to our depth of industry experience.

Our partners are leaders and active members of various governmental committees and organizations, including the NYS Public Schools Accounting Committee. The partners in our Firm are an integral part of each engagement team, from planning to exit meetings and presentations to school boards. Our extensive experience with auditing New York State school districts has enabled us to successfully and consistently meet the demands that these complex engagements require.

We are considered industry experts in this area and are frequent speakers for the New York State School Boards Association (NYSSBA) and the New York State Association of School Business Officials (NYSASBO).

External Audit Services Include:

  • Financial statement audit
  • Financial statement preparation
  • Compliance audit under OMB A-133
  • Audits in accordance with government auditing standards (Yellow Book)
  • Fund balance projections
  • Assisting school districts with year-end closing procedures
  • Preparation of State reports (ST-3 and SA-111)
  • Agreed upon procedures concerning the budgeting process and deficit fund balances
  • Information technology audits and consulting
  • SSAE 16 audits
  • Consulting services concerning business office irregularities
  • Fraud investigations, including the use of data extraction and data mining tools
  • Presentations to the Board of Education on accounting, internal audit, tax, and board governance issues
  • IRS issues

School District Internal Audits

D’Arcangelo & Co., LLP has developed internal auditing services specifically designed to meet the requirements of the 2005 Fiscal Accountability Legislation. We have extensive experience working with school districts and BOCES and  understand their unique financial and regulatory environment.

We assist our clients with developing a strong internal auditing function in order to maintain a strong internal control structure. Our internal audit team consists of Certified Public Accountants (CPA), Certified Internal Auditors (CIA), and Certified Fraud Examiners (CFE). We have provided internal auditing and financial risk assessment services to over 20 school districts and BOCES throughout New York State.

We are considered industry experts in this area and are frequent speakers for the New York State School Boards Association (NYSSBA) and the New York State Association of School Business Officials (NYSASBO).

Internal Audit Services Include:

  • Development of a risk assessment of the school district's or BOCES' financial operations, including, but not limited to, a review of financial policies, procedures and practices
  • An annual review and update of the risk assessment
  • Annual testing and evaluation of one or more areas of the district's internal control structure, taking into account risk, control weaknesses, size, and complexity of operations
  • Preparation of reports which analyze significant risk assessment findings, recommend changes for strengthening internal controls and reducing identified risks, and specify time frames for implementation of such recommendations