SB 414: School accountability: Office of the Education Inspector General: school financial and performance audits: charter school authorization, oversight, funding, operations, and networks: flex-based instruction: local educational agency contracting.

This bill aims to improve school accountability in California by expanding the scope of audits and investigations. It requires local educational agencies to conduct financial and compliance audits, which will be conducted in accordance with specified filing deadlines. The bill also requires the posting of annual audits on the agency's website. The bill establishes the Office of the Education Inspector General to conduct forensic audits and investigations into potential fraud and misappropriation of funds. The inspector general will report annually to the legislature on investigations and audits. The bill also revises the audit guide, which will include additional content related to audits of local educational agencies. The controller will be responsible for developing and publishing the audit guide, and will consult with representatives of various entities to ensure its content is accur…