Karen Casey says the audit is expected to be done in March, but offered no other comment since the matter has been handed over to police.
The Education Department requested the audit after reviews done in 2013 and 2010.
The province said late last year that a review completed last summer alleged that the Halifax-based council was operating outside its legislative mandate.
The review also alleged there were inconsistencies in financial reporting.
The council couldn't immediately be reached for comment.