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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 usually complete the audit within 20 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?
Either scan and email or upload through a secure portal.
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 2022 is due for submission by 30th June 2023