Plain English Breakdown
Checked against official source text during the last sync.
California State University Audit Requirements
This law requires an external financial audit for each California State University campus at least once every three years and makes all university audits available to the public.
What This Bill Does
- Requires an outside group to check the finances of each CSU campus at least once every 3 years.
- Makes sure that internal audits done by the university staff are shared with the public.
- Ensures all other audit reports for the California State University or its campuses can be seen by anyone.
Who It Names or Affects
- The Trustees of the California State University
- Each campus within the California State University system
- The public, who can now access these reports
Terms To Know
- External financial audit
- A review of money records done by a group that is not part of the university.
- Internal audit staff
- Employees hired by the university to check its own operations and finances.
Limits and Unknowns
- The text does not say when this law will officially start.
- The source material does not explain how much money is needed for these new audits.