A Schools Audit is a a requirement of the South African Schools Act. This is a requirement that can only be exempted by the executive (Minister of Education). It is important for schools to be professional and externally audited not only as a legal requirement but as assurance for the respective governing bodies and the public beneficiaries of schools.
Schools are responsible for educating the future generation of South Africa, but this can only be possible if schools are run efficiently and in a cost effective manner and have the necessary facilities to offer opportunities to all students. In short the success of a school, in part, depends on sound financial planning, advice and guidance from experienced auditors.
With a strong background of performing Schools Audits, CFO360 can offer not only the audit requirement, but also offer further financial guidance and advice.