School & Academy Internal Audit
Ensuring your internal operations are running efficiently and effectively
Internal audit & finance system reviews
Our internal audit and finance system reviews ensure your school, academy or trust is running as efficiently as possible
What is an internal audit?
Having sound financial governance is a mandatory requirement for schools, academies and trusts.
An internal audit provides assurance that your risk management, financial controls, systems, and processes are aligned and operating efficiently. It also ensures that your operations comply with laws and regulations.
An internal audit can add significant value and help achieve your school or academy's strategic and operational goals.
Internal audit support for schools & academies
Our internal audits include a comprehensive assessment of your school or academy's internal finance operations.
We will test your processes and systems, ensuring that your school and academy is operating efficiently and meeting your obligatory requirements.
Our in-depth understanding of school and academy finance, and the risks involved, allow us to comprehensively identify areas of improvement and support - implementing proposed recommendations to streamline your processes and enable your finance function to run more efficiently.
We also tailor our testing to your specific needs, based on governor and staff involvement.
Get in touchOur internal audit service includes
Month-end
Payroll
Purchases
Capital contracts
Income
Charge card
Bank and cash
Fixed assets
Control accounts
Financial reporting
Submission of ESFA returns
What is a finance system review?
A finance system review is a health check of your accounting software. It reviews system architecture and security - providing a full check of your core balance sheet.
It ensures your system is running as efficiently as possible and delivering accurate financial reporting.
Finance system review for schools & academies
Our finance system reviews are delivered independently and objectively, by our expert finance team. These can be delivered onsite or remotely.
As part of our comprehensive evaluation, you will receive a detailed report outlining key deficiencies - including financial administration, bank, funds and full balance sheet review.
We will advise on best practices and provide areas for improvement.
You will gain access to highly qualified and knowledgeable specialists, who have a wealth of knowledge in school and academy financial management.
Get in touch
Our finance system testing includes
System configuration
Financial administration
System administration
Ledger accounts
Workflow/ procurement
Payment runs
Bank reconciliation
VAT
Income & expenditure
Balance sheet
We found SAAF to be very professional, friendly, and collaborative. Their recommendations have helped us strengthen our procedures in accordance with the Academy Trust Handbook. They were very thorough in the deep dive into our processes and as a result have help us to gain more attention to detail.
Director of Resources , The Southfield Trust
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Find out moreIn partnership with
Hull and East Yorkshire Children's University
APSCo UK
Association of Business Leaders in Education
IRIS - Accredited Support and Training Partner
Institute of School Business Leadership - Approved Partner
AssetTrac
ICS Funding Services
Crescent Purchasing Consortium - Framework Supplier
Some of our clients
Our Lady of Walsingham MAT
Midsomer Norton Schools Partnership
Berridge Primary School
Hardenhuish School
Lionheart Educational Trust
Glyne Gap School
Beauchamps High School
Rufford Primary and Nursery School
Forest Bridge School
Atlas MAT
Heritage Park and Holgate Meadows Schools
The-Lubavitch-Multi-Academy-Trust
MacIntyre Academies
Keswick School
The Misbourne
Glade Hill Primary & Nursery School
Cantrell
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BFLT
The Howard Partnership Trust
Champion Education Trust-1
Leger Education Trust
Middleton Primary School
Aspire Multi-Academy Trust
Odyssey Educational Trust
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Claremont Primary and Nursery School
Crosshall Infant School Academy Trust
Fernwood School
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The Blue Kite Academy Trust