Did you know that Internal Audits can be done remotely?
As an Academy or Trust, you are considered an independent institution and are therefore responsible for the results you accomplish and how public funds are used. The Education and Skills Funding Agency (ESFA) has therefore made it a requirement in their latest handbook that internal scrutiny must take place at your school on a yearly cycle. This is to assure your governing body that your financial controls and risk management procedures are operating effectively.
Internal scrutiny provides assurance that:
- The financial responsibilities of the governing body are discharged appropriately.
- Resources are managed in an efficient, economical and effective manner.
- Sound systems of internal financial control are being maintained.
- Financial considerations are fully taken into account in reaching decisions.
A report should then be submitted to the ESFA by 31st December each year summarising the work done and conclusions reached. The requirement to submit this annual report will first apply in December 2020.
As a result of the Covid-19 pandemic, much of the work we would usually carry out on site has shifted online. SBS can assist with your internal audit requirements in this way as well. Although in-person reviews are preferable, the ESFA sent out a letter on 21st April 2020 stating that these can be completed remotely during the current situation. SBS can use Microsoft Teams, which is free for educational institutions, to remote into systems to perform checks and ensure that important discussions take place when needed.
Following our review, we will present the governing body with a report of the findings. This will provide them with the assurance that the above areas are being tested and operating in an acceptable manner and identify those areas that require further attention in order to meet the requirements of the ESFA and general good practice.
If you have any questions, please contact the service desk on 0345 222 1551 • Option 2, or email firstname.lastname@example.org.
Your school or MAT may be also interested in:
We’re holding a free webinar with Arbor – July 8th
Tim Ward, former Primary Headteacher and Senior Partnership Manager at Arbor will cover some of the ways a cloud-based system makes life easier for your staff, including speeding up essential daily admin by letting you securely access your data from anywhere, and helping you keep on track of DfE requirements with automatic product updates (no more patches!).
Book now →
Have you seen the £1bn catch-up tutoring fund for England’s pupils?
Our partner The Supporting Education Group has 10,000+ Qualified Tutors – Fully Vetted and Available.
Submit an enquiry and SEG will be in touch to discuss how their qualified tutors can support your school and its pupils. #nationaltutoringprogramme