South West Audit Partnership Chargeable Service for Other Educational Providers 2016-2017
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Somerset Services to Education Providers 2016-2017
Service Provider: South West Audit Partnership
Service Category: Other Educational Providers
– Chargeable
Please note: This service is available to all Academy Schools both inside and outside Somerset, but not to Maintained schools.
Contact:
Service Description:
Lisa.Fryer@southwestaudit.co.uk
www.southwestaudit.co.uk

About SWAP

Our Experience

Internal Audit Delivery

Scope of the Work
ABOUT SWAP
Lisa Fryer, Assistant Director
South West Audit Partnership Limited
01823 355299 or 07720 312465
The South West Audit Partnership Ltd (SWAP) has been providing internal audit services to local authorities, police and fire authorities, schools and other quasi-government entities in the South West of England since 2005. Employing around 60 internal auditors, SWAP offers, through its specialist teams, internal audit, IT audit, contract audit, fraud and investigative audits as well as risk management advice and support.
Our current Members consist of thirteen local authorities in the South West of England, including the County and Unitary Authorities of Wiltshire, Dorset, Herefordshire and
Somerset. As a result of its successful growth, the Partnership became, from 1 April 2013, a publicly owned Company Limited by Guarantee. SWAP is a not-for-profit organisation and therefore we can offer an extremely cost-effective service, which has enabled us to secure a growing portfolio of Academy Schools.
OUR EXPERIENCE
Across the counties of Wiltshire, Dorset, Herefordshire and Somerset, we have a dedicated team of highly professional school auditors with many years of experience in supporting staff and governors. Working across Authorities also allows us to share good practice, recognise common areas of risk and helps to drive efficiency through the audit process.
Moreover we are already providing internal audit services to an increasing number of academy schools.
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INTERNAL AUDIT DELIVERY
An experienced schools audit manager will oversee all school assignments. Internal control testing of key financial systems will be undertaken across the financial year and to achieve this; the visit(s) will be agreed on mutually convenient dates. We will provide verbal feedback, as well as written feedback in the form of an internal audit report. This report will be presented to the audit committee to enable full consideration of all items reported to take place.
SCOPE OF THE WORK
SWAP has been assessed against the International Professional Standards for Internal
Audit and found to be in conformance with them. In addition the work that we will undertake will satisfy the requirements of the External Auditor in providing assurance on the operation of the key financial systems at the Academy.
The objective of the audit is to provide an independent check of financial controls, systems, transactions and risks. The work programme followed covers the internal financial control guidelines of both the Charity Commission and Academy Handbook and includes the following:
1. Risk Management
2. Governance (including multi-academy trusts) and Reporting
3. Income
4. Purchases and Payments
5. Salaries and Expenses
6. Banking
7. Contracts and Tendering
8. Assets
9. Investments
The areas to be covered during the visits will be planned in agreement with Senior
Management and the Audit Committee. We prepare a quote for each school audit to tailor our service to your needs. In addition we will provide a proposed three-year strategic audit plan, thus providing a longer-term view of the areas for audit coverage. This plan will be constructed on the basis of any existing knowledge of your Academy and will develop as our knowledge increases but will remain flexible so that we can respond to emerging risks.
SSTEP/SSTEP 2016-2017/04 OEP 1617/South West Audit Partnership/
05 Approved/SWAP SDFP_CSD1617_OEP_Approved.docx
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