Maintained Schools

 

Schools Financial Value Standard

Arrow Accounting has now completed and formulated an Internal Audit package i

n relation to the new Schools Financial Value Standard (SFVS).FMSIS_LOGO

It is envisaged that one working day session may be required to evaluate your understanding of the assessment.

Ideally the Chair of Governors, Head Teacher and Financial Manager/Bursar should be in attendance and any interested stakeholders if available.

Then a review will be undertaken by us of the completed assessment.

An External Assessment report will be issued, with an action plan should certain areas of the assessment fall short of the required standard.

The main areas of the session will cover the following:

  • Understanding the questions asked.
  • Completing the checklist correctly.
  • The Assessment Report to compliment the checklist.
  • The Action plan and how to maintain the Standard.

The cost will be in the region of £150.


Schools Special Purpose Funds

Annual Audit and Certification cost – £150

Arrow Accounting is now able to offer training and presentations to schools and groups of Schools in relation to the Schools Financial Value Standard covering all areas of the checklist which now must be certified by the Chair of Governors before submission to your Local Authority.

This will include:

   Training Schedule 2013/14

  • Understanding the questions asked.
  • Completing the checklist correctly.
  • The Assessment Report to compliment the checklist.
  • The Action plan and how to maintain the Standard.

Please do not hesitate to contact us for an informal discussion on the above.