Engagement
Education Budget Compliance Audit
Full-year review of approved school budgets, ledger postings, and grant utilisation against circulars and finance manuals.
Who it is for
Aided schools, DSS schools, kindergartens receiving subsidy, and education units that must show supervisors or IMC members how budget heads were followed for a named financial year.
Result you receive
A signed compliance report that maps approved budget lines to ledger activity, rates each exception, and lists remediation steps. Boards can table the report alongside management responses.
Scope included
- Comparison of approved budgets and subsequent virements to actual postings
- Sampling of grant and general fund expenditure against Education Bureau circular requirements and your finance manual
- Review of bank reconciliations tied to budget control accounts
- Testing of authorisation trails for transfers between heads
- Closing meeting with draft findings and factual clearance
Outside this engagement
We do not prepare statutory company accounts for commercial entities, provide tax filing, or redesign your accounting software. Bookkeeping catch-up can be arranged separately only when it is needed to complete the audit trail.
Provider and approach
Engagements are led by an auditor experienced in Hong Kong school finance. Sampling plans are agreed in writing before fieldwork starts so finance staff know which months and grant streams will be pulled.
Preparation
Please have ready: approved budget papers, ledger extracts by head, grant utilisation schedules, bank reconciliations, IMC or supervisor minutes approving virements, and copies of relevant circulars your school follows.
Next step
Request this audit with the financial year and school type. We reply within two working days with a draft scope and fee basis.