Internal scrutiny within academies is vital to ensure effective control of finances.
Our partners, Veritau, provide a forward-looking and collaborative approach to audit, seeking to improve effectiveness and help manage risks.
Veritau's bought-in internal audit service will help you control your finances while reducing the costs associated with hiring an in-house auditor and enable you to benefit from established disciplines and professional codes of ethics and standards.
Expert auditors can help you to ensure you meet the responsibilities set out in the Academies Financial Handbook which states that there must be a programme of internal scrutiny to provide independent assurance to the board that the financial controls and risk management procedures are operating effectively.
There is no one ‘package' as we understand that one size doesn't fit all. Veritau's professional team tailor each bespoke audit service to suit your needs. The type of work provided could include:
- Financial system reviews
- Project and programme management
- Performance management
- Operational system reviews
- Data quality
- Value for money
- Training and advice
- Grant certification
- System design and implementation
- Policy development