Reference

The 2011 extraordinary audit by California's Fiscal Crisis and Management Assistance Team (FCMAT) revealed significant financial mismanagement and concerns within various school districts and charter schools. The audit confirmed mismanagement but did not find instances of fraud. It was conducted to assess fiscal stability, operational efficiency, and to identify any illegal fiscal practices such as fraud or misappropriation of funds. The findings led to corrective actions and reforms to improve financial oversight and ensure the proper use of public funds. The audit played a crucial role in highlighting the need for better financial controls and management within the education sector in California. For more detailed information, you can refer to the reports published by FCMAT, such as the one on the East Side Union High School District.