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Thursday, February 17, 2005

Education: School system likely to miss audit deadline

"System likely to miss audit deadline"
by Guy Leonard
Staff Writer
Feb. 17, 2005
Prince George's County school officials said this week there is virtually no chance the system will meet the March 31 deadline for a fiscal 2004 audit to avoid the withholding of another $10 million in state aid.

The state has so far withheld $20 million in aid because the audit had been delayed four times since Sept. 30. The school board last week fired the KPMG national accounting firm for repeatedly failing to meet deadlines for the audit.

"Realistically it will be sometime in April [before the audit is completed]," School Board Chair Bea Tignor said, adding that she hoped the process would not go beyond that time.
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