Month: December 2010


Tricky areas to look for – financial statement

By Hayes Knight – 7 December 2010 Remember, there is no need to feel lost and unsure about your school’s annual accounts preparation process. The most important rule of thumb to remember is: If in doubt… ask! Here are some tricky areas to look out for: Cyclical Maintenance This continues to be a challenging area […]

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Tips to protect against fraud

By Hayes Knight – 7 December 2010 For clients who were at the annual schools update seminar we held recently, you will recall we spent a lot of time on the subject of fraud. We thought it would be useful to provide some summary helpful tips in this area. Remain skeptical – Think the worst […]

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The end of the year is nigh

By Hayes Knight – 7 December 2010 Well, another school year has whizzed by and we are very fast approaching the end of the calendar and financial year for schools – which means it’s time for your Audit. Many of you are probably thinking about what needs to be done to prepare for this and […]

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New Auditing Standards

By Hayes Knight – 7 December 2010 The world has changed for auditors! Auditors now have to comply with a complete new suite of audit standards. The International Standards on Auditing (New Zealand), or ISA (NZ)s as they are known, are the mandatory technical standards that specify what must be done in every audit and […]

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More interim audit visits in 2010

By Hayes Knight – 7 December 2010 An interim visit is a way of splitting the audit into two stages and we have successfully been doing this for a number of schools over the last few years. This is for a range of reasons: To ensure the introduction and impact of the new auditing standards […]

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