Internal Audit
Internal Auditing by Experienced Academy Experts
The DfE require all academy trusts to have a system in place to provide internal scrutiny of its financial systems, controls, transactions and risks. One of the options laid out for fulfilling this requirement is a bought-in internal audit service to undertake a programme of work
We undertake an internal audit service for many Academy Trusts, allowing us to gain a deeper understanding of your systems and policies because of our experience in the field.
We aim to make internal scrutiny a smooth and valuable process for your Trust. Choosing the areas to review each year are the remit of the audit committee (can be combined with the finance committee if annual turnover is less than £50 million), who need to ensure that significant risks identified (financial and non-financial) are appropriately addressed through the internal scrutiny work.
We recommend starting with a high-level review of Governance and Regularity and your Financial Procedures Manual. This helps us prioritise the areas you’ve identified for review and highlight any additional areas that may benefit from closer attention. Together, we’ll build a tailored work programme that suits your Trust’s specific needs and setting.
Why choose Griffin
There are several areas we can explore as part of our internal audit service, including but not limited to:
Our approach is collaborative, organised, and designed to minimise disruption while delivering meaningful insights to help your Trust develop its controls and processes.
First class service at competitive rates
We pride ourselves on our professionalism and knowledge. Let us put that to use to start benefiting your academy.
