Academies & schools

Hobsons have years of experience in dealing with the education and charitable sector and currently act for a number of schools and charities.

Nottingham: 0115 9621590 - Newark: 01636 702100

Academies & schools image

Hobsons have years of experience in dealing with the education and charitable sector and currently act for a number of schools and charities providing audit, accounting, payroll and advisory services.

Internal Audit for Academies

All academy trusts must have a programme of internal scrutiny to provide independent assurance to the board that its financial and others controls, and risk management procedures, are operating effectively. Our role as Internal Auditors would be to provide assurance to Principal, Governors and Audit Committee that all the key risks are being managed effectively.

The Financial Handbook 2019 gives greater focus to internal scrutiny including reports being required to be submitted to ESFA from December 2020 covering the year ended 31 August 2020.

The trust must deliver internal scrutiny in the way most appropriate to it circumstances. This must be carried out by someone suitably qualified and/or experienced. Options include:

  • Employing an in-house internal auditor
  • A bought-in internal audit service
  • The appointment of a non-employed trustee
  • A peer review by the chief financial officer, or other member of the finance team, from another academy trust. The trust should satisfy itself that the trust supplying the reviewer has a good standard of financial management and governance and should minute the basis for its decision.

Objectives of Our Service:

  • Support and guidance for the Audit Committee.
  • Support and review of the academy's risk management arrangements.
  • Support to the Accounting Officer to ensure compliance to the Academies Financial Handbook.
  • Risk based internal audit coverage over a period (annual to triennial) to meet your academy's needs.

These Services will give you access to:

  • Reviews undertaken by independent/professional experienced staff that have a good understanding of schools.
  • Reviews carried out using a risk-based approach.
  • High quality reports with practical recommendations made to improve controls and governance where necessary.
  • Follow up on agreed actions to give assurance to Governors that action has been taken.

For further information and advice please email academies@hobsons.biz or contact Jim Scully or Steven Newman.

About Hobsons

Hobsons was established in 1927 and today, we continue to build on our enviable reputation for providing excellent advice and first class service to our business and personal clients alike. We have many clients in the local community and service businesses, small and large, across many sectors.

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Nottingham Office

Please call:
0115 9621590

Hobsons, Alexandra House, 43 Alexandra Street, Nottingham, Nottinghamshire NG5 1AY
Newark Office

Please call:
01636 702100

Hobsons, International House, Brunel Drive, Newark, Nottinghamshire NG24 2EG

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