An audit is a formal examination of the financial books and records of each PTA unit.

An audit determines the accuracy of the books, detects inconsistencies or errors, and provides recommendations for corrective action.

An audit protects the financial officers, verifies that funds were sent through channels as appropriate, and assures the membership that the association’s resources were managed in a businesslike manner within the regulations established for their use.

Audits are to be performed semi-annually. The Mid-Year Audit covers the months of July 1 through December 31 and is completed in January. The Year-End Audit covers the months of January 1 through June 30 and is completed in July.



Audit Reports consist of three parts:
the Audit Report form
the Audit Checklist form
– Recommendations from the auditor




Completed audits are presented and adopted at a Board Meeting, then presented at the next Association Meeting for adoption by association members.

NOTE: Each Bank Account must be audited separately with a separate audit report and checklist.