Review of major capital Project2019-05-19T10:33:01+00:00

Project Description

Review of major capital project

A key area of potential fraud in an independent school is with major capital projects. I carried out a review of the compliance with the control measures for major capital works as set out in the Financial Regulations of the School. The quality of financial management was also assessed for the first 2 stage payments and there was a site visit to verify the existence of the work performed regarding the stage payments. The review provided the governors with independent assurance that this significant £10m project was being properly managed and they were fulfilling their financial responsibilities.