Customer Service Direct
Specialist Support for Schools
Statement of Internal Control Service
The service aims to improve standards in schools by strengthening financial management standards using inspection, testing and sharing of best practice.
A member of the finance team will visit your school for approximately 1.5 days.
The team member will work through a comprehensive self evaluation tool and answer the questions based on physical evidence and testing and also through interviews with the finance staff and Headteacher at the school.
The areas examined include:
- Governance
- Financial planning
- Budget monitoring
- Purchasing
- Internal Controls
- Income
- Banking
- Payroll
- Petty cash
- Tax
- Voluntary funds
- Assets & Security
The team member will produce a report and three copies will be provided to the school. The team member will also provide a number of best practice policies, procedures and forms that the school can adapt to further improve the standard of financial management in the school.
The service will provide evidence to assist the Headteacher, Chair of Finance Committee and Chair of Governors in signing the SIC.
Please note that this service will not provide ‘absolute’ assurance regarding the internal control systems at the school. No service could guarantee to identify all errors or irregularities. The SIC requires governors to have reasonable assurance with regards to internal controls.
