Auditing public schools presents unique challenges due to their non-profit nature, government funding, and compliance with specific legislation such as the South African Schools Act (SASA). In this course, we explore how these factors, along with new ISA 315 and ISA 330 requirements, shape the audit approach for public schools.
This course will help participants understand key audit requirements, identify high-risk areas, and ensure proper documentation throughout the pre-engagement, planning, and finalisation phases.
Managers and partners will gain insights into how the National Guideline accounting framework impacts financial statements and the auditor’s reporting responsibilities.
This course equips managers and partners with the knowledge and practical tools required to effectively plan, execute, and finalise audits of public schools, ensuring compliance with the relevant standards and legislation.
Why Knowledge of the South African Schools Act (SASA) is Essential
Understanding the SASA is critical to ensuring compliance and relevance during the audit.
Without knowledge of the Act, auditors may overlook statutory requirements or misinterpret financial reporting guidelines, which could compromise audit quality.
Familiarity with the Act ensures that the audit approach aligns with legislative requirements, promotes transparency, and serves the public interest.
Pre-Engagement Phase
Planning Phase
Finalisation Phase
