We have a long history of providing audit and assurance services to the education sector and have built up a wealth of expertise over the years. Our clients include higher education institutions, and independent schools.
In the higher education sector, we provide grant audit services to a number of University of London colleges and are one of the principal providers of external audit services to students’ unions in London and the South East. We also provide internal and external audit services to a number of independent schools.
With Ofsted’s Education Inspection Framework and rigorous Independent Schools Inspectorate (ISI) standards, having up-to-date internal audits limits compliance risks.In addition, sector pressures, including rising costs, changes to National Insurance, and the application of VAT on private school fees, require rigorous ongoing assessment of a school’s cash flow and future financial planning.
Knox Cropper’s experience in the education sector means that we can offer a solution to enhanced scrutiny requirements over internal controls and procedures, as well as piece of mind that best practice is being adhered to.
Our range of services includes:
- External audit
- Grant audits
- Internal audit and systems reviews
- VAT compliance, advice and planning
- Direct tax compliance and mitigation
- Teachers’ Pension certification
- Management accounting
- Payroll services
- Statutory accounts preparation
- Support with risk management, governance arrangements or trustee training
- Company secretarial support
We offer a personal and expert service with a focus on providing advice and support to management, and communicating effectively with boards of directors, trustees and governing bodies. So, whether you are an independent school governor, a higher education consortium or a students’ union, we have the knowledge and experience to help you. To get in touch, please contact one of our team below or complete the form at the bottom of the page.
