(a)
(1) Unless a shorter period is prescribed by law or regulation, all school districts' annual audits not conducted by the Division of Legislative Audit shall be completed and filed with the Department of Education and the division within nine (9) months following the end of each fiscal year.
(2) At the request of the school district, the department may grant an extension of up to ninety (90) days on the deadline under this subsection.
(b)
(1) All school district contracts for audit services with private certified public accountants shall contain a provision requiring completion of the audit and filing of the audit reports by the auditor with the department and the division within nine (9) months following the end of each fiscal year.
(2) At the request of the school district, the department may grant an extension of up to ninety (90) days on the deadline under this subsection.
(c) The division shall annually provide the department a list of school districts audited by the division and update the department on any changes throughout the year.
(d)
(1) If the department has identified a school as being in fiscal distress by June 30 of any year, the annual audit of that school district shall be completed and filed with the department and the Legislative Joint Auditing Committee within six (6) months following the end of each fiscal year.
(2) If the committee determines that circumstances warrant, the committee may extend the time to file the audit report of a fiscally distressed school district up to an additional ninety (90) days.
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