Keystone Insights Blog

Image
Expert advice and strategies for academic success and personal growth.
Image

Uncovering the unseen: identifying new risks through internal scrutiny

Appoint-_20230626-101502_1

Standard internal scrutiny practices, including compliance checks against legislation and internal procedures, are essential for any multi-academy trust. They offer a critical check and balance, helping to ensure the trust's legal and operational health. However, what happens when these traditional approaches overlook hidden risks, those which lie ...

Continue reading
  1340 Hits

Creating a positive culture around internal scrutiny

Internal scrutiny: friend or foe? Internal scrutiny: friend or foe?

Internal scrutiny is an important part of your trust risk management and should be seen as a tool that provides reassurance, unbiased advice and strategic recommendations for your organisation. However, it is often viewed as a 'scary' audit where an outside company is picking fault with the processes and procedures in your trust. This shouldn't be ...

Continue reading
  1404 Hits

Do you audit your approach to income?

Internal Scrutiny Income Audit

The Academy Trust Handbook requires all trusts to have a programme of internal scrutiny to provide independent assurance to the board that its financial and non-financial controls and risk management procedures are operating effectively. It's easy to fall into the trap of thinking that internal assurance in a trust needs to focus mainly on expendit...

Continue reading
  1196 Hits