You may be aware that the ESFA has reviewed the latest ethical standards published by the Financial Reporting Council that states that there should be separation between those providing external audit and internal scrutiny. This is now a requirement of the Academies Financial Handbook.
At TSO Education we offer internal audit services designed specifically for the academies’ sector and undertaken by skilled auditors with experience of working in academies, members of the Chartered Institute of Internal Auditors.
All internal scrutiny services include the production of the annual report for trustees, but we offer individually tailored packages to suit your needs up to designing the internal audit schedule with you, reporting to your audit committee; always ensuring a coherent link with the risks to your academy trust.
Please get in touch to discuss your bespoke requirements.