§ 21.11-1108. Independent Audits.

 The Board shall provide for an annual independent audit of the Township’s financial statements, to be made by a Certified Public Accountant in accordance with generally accepted auditing standards. The Board may provide for more frequent audits, as well as special audits, as it deems necessary. An audit report containing the Township’s financial statements and the Certified Public Accountant’s opinion relating thereto shall be submitted to the Manager and to the members of the Board. A summary of the audit report, in such forms as may be approved for such purposes by the Certified Public Accountant, shall be included in the Board’s Annual Report to the People and shall be published at least once in a newspaper of general circulation in the Township within one hundred twenty days after the close of the fiscal year.

   Commentary: : The Board may appoint an individual CPA or a CPA firm to perform the independent audit. It is contemplated that the summary of the audit report included in the Report to the People may be more detailed than the summary which is advertised. Elected auditors have been eliminated since their function will be performed by the Certified Public Accountant.

   This section cited in 346 Pa. Code §  21.14-1405 (relating to the annual report of the board to the people).