Auditor role in school

Auditors help to provide the capital markets with confidence and assurance in financial reporting

Auditors perform independent evaluations to provide assurance that information, such as the financial statements, present a true and fair view of a company’s financial performance and position

The bedrock of our financial system, is audit

Auditors carry out a series of tests to see if a school’s financial statements are correct and the books are balanced

They’ll also be looking at the finance team’s understanding of financial processes and making sure that cash-flow and risk registers are up to date

The typical day of an auditor includes looking for errors in record-keeping and accounting methods and making recommendations to improve operational efficiencies and protect businesses from fraud

Auditors aim to reduce their clients' financial risk of penalties