Mock Audit

Service Description

Is your college ready for a 16-19 Bursary Audit? We conduct a detailed mock audit to identify any potential issues before the real audit takes place, allowing you to address any areas of concern early. We look at the main areas of an audit: - • Eligibility Checking • Quality of Your Bursary Policy • Student Support Systems • Expenditure Monitoring • Compliance with Current Legislation What Happens During the Mock Audit? • Document Review: We will examine your bursary records, including student applications, financial evidence, and records of fund distribution. • Policy Check: We will evaluate your bursary policy to ensure it aligns with government guidelines and is being implemented correctly. • Interviews & Discussions: We will speak with staff responsible for administering the bursary to assess their understanding of the processes and compliance. • Expenditure Monitoring: We will verify that the funds have been spent according to the guidelines and that all records are accurate and transparent. • Common Errors: What are they are how to avoid them? After the mock audit Comprehensive feedback report on findings, areas of concern and actions to address issues.