Available Course

Public Schools – Accounting and Audit Requirements

>> Click here to book this training as an In-House course <<

Duration: 2.00
CPD Hours: Attendance at this seminar will secure 2 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)
Course Facilitator: Tristan White
T:  0118861395
E:  gillian@probetatraining.co.za
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Public School audit deadlines are fast approaching on 30 June. Three key decisions an auditor has to make: - Is there an acceptable accounting framework, e.g. MEC Guidelines - What assurance standard applies to an audit / exam, e.g. ISAs vs ISRS 4400 - What are major risks for a public school and what audit procedures will address them Join us as we help you make informed decisions.

The objective of this course is to: 1. Simplify the legislation around the finance function 2. Look at illustrative financial statements to improve the financial statement preparation process 3. Gain certainty over what type of assurance is sufficient i.e. audit or examination

+ Deciding on whether the adopted framework can be audited + Selecting an appropriate assurance standard and what audit report the MEC requires + Identify relevant risks and discuss illustrative audit procedures

The following individuals will benefit from attending this course: • Accounting / finance department heads / clerks of public schools • School Governing Body members • Audit managers / seniors who will audit public schools and aren’t familiar with the South African School Act’s requirements for audit and exam (no specific auditing procedures will be discussed during the session, only what the accounting / auditing requirements placed upon public schools are, per the Act)