Frequently Asked Questions
What information is required from me for ECE Auditing to undertake the audit?
The Audit Guide Book lists the documents required. Included is the centre's Financial Statements, Special Purpose Financial Report (SPFR) that is prepared by you or your accountant, and supporting documentation to verify/ validate the amounts included in the SPFR.
Is the Chartered Accountant who prepared my centre's financial statements able to undertake the audit?
No, the Ministry of Education (MOE) requires the audit of the financial statement (SPFR) to be performed by an independent Chartered Accountant. Refer MOE Funding Handbook chapter 12-4
What is the typical turnaround time for an audit?
Once all the information requested has been received from a client we undertake to complete the audit typically within 10 working days.
Are audits a requirement for all privately owned centres?
Yes. Refer MOE Funding Handbook chapter 12-2
What ways can I get the information to be audited to you?
Whichever method suits the client. Either scan and email, upload through secure portal or hard copy via courier or mail.
When do I have to submit my Special Purpose Financial Report to the Ministry of Education?
By 30th June each year for the previous financial year. e.g. year ended 31 March 2019 is due for submission by 30th June 2020