Education

Education Sector

We help educational institutions with audit and assurance, governance, business and operating analysis, and financial modeling. There are many challenges within the education sector, including:

• Improving financial performance and the diversification of revenue streams in response to reduced government funding
• Effective employment, retention and management of an academic workforce.
• Linking educational programs to deliver improved social and economic outcomes.
• Responding to increasing competition in the development of education resources and enhancement of academic standards.

We have worked successfully on a range of complex issues across the education sector. Our team is experienced and dedicated with specialists across the education sector, serving client in K-12, higher education and registered training organisations (RTOs).

Audit

Our audits are designed to provide your board with confidence over the accuracy of the annual financial report, the adequacy of your internal controls and advice in relation to meeting your governance obligations. We undertake fully electronic audits embracing advanced data interrogation techniques that enable to use our expertise in the interpretation of variances, exceptions and matters requiring skill and judgement. We undertake external and internal audit engagements for a number of clients in the Education Sector.

Grant Acquittals

Many government departments and other funders require an independent audit of funding provided. We provide tailored grant acquittal services to meet the funder’s requirements.

Business Advisory and Accounting Assistance

We have a dedicated team with significant experience in the Education Sector. We undertake various services including: monthly and year-end accounting and reconciliation, preparation of budgets and cash flow forecasts, development of professional, efficiently developed management accounts and accounting package training.

Remuneration Services

Murray Nicholls leads our Remuneration Services team. Murray is a specialist in various areas of remuneration, including fringe benefits, salary packaging and taxation planning, and provides advice to a number of clients in the education sector.

We would be pleased to talk with you about how our services can benefit your organisation.