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Internal Auditing in the Great City Schools

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Bibliographic Details
Title: Internal Auditing in the Great City Schools
Language: English
Authors: Council of the Great City Schools
Source: Council of the Great City Schools. 2025.
Availability: Council of the Great City Schools. 1301 Pennsylvania Avenue NW Suite 702, Washington, DC 20004. Tel: 202-393-2427; Fax: 202-393-2400; Web site: http://www.cgcs.org
Peer Reviewed: N
Page Count: 20
Publication Date: 2025
Document Type: Reports - Descriptive
Descriptors: School Districts, Urban Areas, Audits (Verification), Accountability, Quality Assurance, Standards, Self Evaluation (Groups), Institutional Evaluation, Committees, Boards of Education, Evaluators, Administrator Responsibility, Administrator Role, Risk Assessment, Data Analysis, Deception
Abstract: Internal auditing is critical in enhancing an organization's ability to serve the public interest. Internal audit adds value by assessing and improving the effectiveness of risk management, control, and governance processes. An internal audit function provides school boards and senior management with an independent and objective source of information to help them identify key financial, operational, compliance, and technology risks that may hinder the achievement of organizational goals and student outcomes. This white paper is intended to describe leading practices in internal auditing and demonstrate the value an internal audit function brings to a school district. The Council of the Great City Schools and the school internal audit experts who assembled this document suggest that strategically deploying internal audit resources helps districts effectively address high-risk areas affecting urban school districts. This white paper provides important information about the Internal Audit Function, and it describes leading practices for school district internal audit functions and the value of each in the following sections: (1) Internal Audit Reporting Structure; (2) Audit Committee Roles, Responsibilities, and Membership; (3) Risk Assessment and Audit Plan; (4) Auditing Standards; (5) Data Analytics and Continuous Monitoring; (6) Fraud; (7) What Internal Auditors Do Not Do; (8) Non-audit Services; (9) Follow-up Activities; and (10) Quality Assurance.
Abstractor: ERIC
Entry Date: 2026
Accession Number: ED678665
Database: ERIC
Description
Abstract:Internal auditing is critical in enhancing an organization's ability to serve the public interest. Internal audit adds value by assessing and improving the effectiveness of risk management, control, and governance processes. An internal audit function provides school boards and senior management with an independent and objective source of information to help them identify key financial, operational, compliance, and technology risks that may hinder the achievement of organizational goals and student outcomes. This white paper is intended to describe leading practices in internal auditing and demonstrate the value an internal audit function brings to a school district. The Council of the Great City Schools and the school internal audit experts who assembled this document suggest that strategically deploying internal audit resources helps districts effectively address high-risk areas affecting urban school districts. This white paper provides important information about the Internal Audit Function, and it describes leading practices for school district internal audit functions and the value of each in the following sections: (1) Internal Audit Reporting Structure; (2) Audit Committee Roles, Responsibilities, and Membership; (3) Risk Assessment and Audit Plan; (4) Auditing Standards; (5) Data Analytics and Continuous Monitoring; (6) Fraud; (7) What Internal Auditors Do Not Do; (8) Non-audit Services; (9) Follow-up Activities; and (10) Quality Assurance.