Annual Audit

Audit Requirements and Procedures

Independent Auditor

  1. Be associated with a certified public accountancy (CPA) firm that has a current valid license issued by the Texas State Board of Public Accountancy or a state licensing agency from another state;
  2. Be a certified public accountant with a current valid license issued by the Texas State Board of Public Accountancy, as required under Education Code 44.008; and
  3. Adhere to the generally accepted auditing standards (GAAS), adopted by the American Institute of CPAs (AICPA), as amended, and the generally accepted government auditing standards (GAGAS), adopted by the U.S. Government Accountability Office, as amended.
  1. Be a member of the AICPA Governmental Audit Quality Center (GAQC);
  2. Adhere to GAQC's membership requirements; and
  3. Collectively have the knowledge, skills, and experience to be competent for the audit being conducted, including thorough knowledge of the government auditing requirements and:
    1. Texas public school district environment;
    2. Public sector; or
    3. Nonprofit sector.

Financial Accountability System Resource Guide

Filing of Report

Internet Posting of Audit

Note: For information on the efficiency audit required before a district may hold an election to seek voter approval to adopt a maintenance and operations tax rate, see CCG.

Financial Records

Financial Accountability Rating System

Issuance of Ratings


Jonesboro ISD



DATE ISSUED: 12/9/2020