Course Overview

As the regulatory reporting obligations for schools now increase with the introduction of Primary Schools submitting accounts to the FSSU, we take a look at the reporting obligations for both Primary Schools and Secondary schools in this online course, covering the following core area’s for the practising accountant and auditor as applicable.

  • The reporting process
  • Non-Audit Compilation Reporting
  • Audit Scenario’s and considerations within schools
  • Things to watch out for

The online course will aim to cover what are the pitfalls and traps for reporting on schools, ensuring that you have the knowledge and tools to assist you in the forth coming engagement.

Including the following templates:

  • Bespoke Letters of Engagement for an Audit and Non-Audit unincorporated schools engagement to the FSSU
  • A Sample Accountants Report for an unincorporated school
  • Sample Auditors Reports for an unincorporated school applying FRS 102 or if solely presenting under the FSSU reporting framework a bespoke “Compliance Framework” auditors report.

CPD Course Facilitators:

Neill Doran: Practice Support Executive, OmniPro

As a member of Omnipro’s Practice Support team, Neil brings on board 12 years of accountancy experience, including IFRS and FRS 100-102 financial reporting for small subsidiaries and charities right through to large listed entities in Ireland and the UK.  He is currently analysing the new auditing standards requirements for OmniPro’s online information products, CPD events and the creation of our micro-entity audit work programme for ARC – the Accountant’s Resource Centre.

Colm Owens: Practice Support Executive, OmniPro

As a member of our Practice Support team, Colm’s focus is on helping practices achieve on-going best practice compliance, prepare for monitoring visits and assist with post-monitoring visits follow-ups.

Colm brings a unique insight into the whole area of monitoring and compliance having spent the last 6 years as a quality reviewer with Chartered Accountants Ireland.  In that role he has visited firms of differing sizes all over the country which has given him an insight into how firms operate, the challenges facing firms and how firms are responding to current issues facing them and the profession.  He has gained up-to-date knowledge of audit, accounting, money laundering and regulatory compliance issues relevant to the profession and knowledge of current audit methodologies.

Prior to his time with Chartered Accountants Ireland, Colm’s roles included Audit Manager with Anne Brady McQuillans and Brophy Gillespie, both in Dublin, where he worked with a range of clients from small owner-managed businesses through to larger audit clients.