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Auditing

About the Instructor

After obtaining her bachelor’s degree from Northern State University, Christi worked with the Department of Legislative Audit for the State of South Dakota for 6 years as a state government auditor and earned her CPA license.  She then spent several years in private accounting, leading audits and performing various tax and financial reporting services.  Christi received her MBA in 2009 from the University of Mary.  She assumed the Business Manager position with the Mobridge-Pollock School District in South Dakota and became a Certified Administrator of School Finance and Operations in 2011.  In 2012, she was hired as the Business Manager for the Mandan School District in North Dakota.  She served on the Professional Development Committee and Certification Commission for ASBO International for over 6 years and was asked to serve on the Business Manager Certification Curriculum Committee for NDSBA in 2013.  She also served on the North Dakota Association of School Business Managers Board of Directors for 5 years, four of those years as President.  In January of 2018, Christi joined the University of Mary as the Vice President for Financial Affairs.  Christi also serves on the Board of Directors for the Missouri Valley YMCA and continues to teach classes for the North Dakota School Boards Association.  She lives in Mandan, ND with her husband, Brian and three children.


Important Course Dates

July 9, 2018: Class begins

September 30, 2018: Course must be completed by this date.


Assigned Reading

Financial Accounting for School Administrators, Tools for Schools, Third EditionRonald E. Everett, Donald R. Johnson and Bernard W. Madden.  Chapter 24.   Pages 249-259

http://www.nd.gov/rio/TFFR/Employers/GASB_QA.pdf  GASB 68 Q&A

http://www.districtadministration.com/article/fighting-fraud-schools-0  Fighting Fraud in Schools. District Administration, Aug 2009 by Alan Dessoff


Online Lectures

Lecture 1

Lecture 2

Lecture 3


Assignments

  1. Read the Article, “Are You Getting a Quality Audit?”  (http://www.berrydunn.com/resources-detail/audit-quality). Write a 1 page paper on your opinion of the article and apply it to your own District’s audit.  Draw some conclusions about the quality of your District’s audit. Submit assignment to christi.schaefbauer@msd1.org by September 30. (40 points)
  2. Review the list of Internal Controls in the toolbox. Determine if there are any on the list that you could implement in your district and write a couple paragraphs on what you would like to implement (no more than 1 page).  If you don’t see any on the list that you are not already doing or would work for your district, discuss what types of controls you already have that are working well.  I understand a lot of these will not be feasible for the smaller district. Submit assignment to cjschaefbauer@umary.edu by September 30. (60 points)

Course Toolbox and Resources

Toolbox

Interesting Articles on Fraud:

Financial scandal hits Seattle Public Schools: http://www.king5.com/story/news/local/investigations/2014/07/31/12944356/

Fort Worth district audit finds $2.7 million in unneeded technology: http://www.star-telegram.com/news/local/community/fort-worth/article3865141.html

Districts Paid Benefits to Dead: http://www.wbng.com/news/local/Audit-Finds-Ithaca-School-Overpaid-Thousands-For-Health-Benefits-114212049.html

Dayton, Ky. school district to recover $511,000 from former superintendent’s fraud, auditor says: http://www.wcpo.com/news/region-northern-kentucky/dayton-ky-school-district-to-recover-511000-from-former-superintendents-fraud-auditor-says

Audit uncovers more problems at Leon schools: http://www.tallahassee.com/story/news/politics/2014/12/10/audit-uncovers-problems-leon-schools/20214729/

Recovery School District can’t find $7 million in property, audit says: http://www.nola.com/education/index.ssf/2014/12/recovery_school_district_cant.html

Stringer Audit: City Schools Lost Track of Technologyhttp://observer.com/2014/12/stringer-audit-city-schools-lost-track-of-technology/

Course sources:

Financial Accounting for School Administrators, Tools for Schools, Third EditionRonald E. Everett, Donald R. Johnson and Bernard W. Madden

State Auditor website: https://www.nd.gov/auditor/


Questions

Questions about the course? Email: cjschaefbauer@umary.edu