Most commentators in the further education sector feared significant funding cuts in today’s comprehensive spending review. Based on the Chancellor’s initial announcements, this doesn’t seem to have happened. In fact, it all seems to be unexpectedly good news even if there does remain a real terms cut for both 16-18 and 19+.
Whether you are driven by the desire to obtain more value from your Governors meetings or improve your existing risk management then you should make sure you undertake a review of your strategic risks.
Insight 4GRC is RSM’s proprietary cost effective and powerful suite of governance, risk and compliance software products that can provide your school with the tools needed to monitor and control performance, assess organisational risks and effectiveness of controls, track assigned actions, enable employee awareness and facilitate policy acceptance.
Within an independent school the responsibility for managing risk rests with the Board of Governors. Should a risk materialise such as breakdown in safeguarding or financial mismanagement, there is no doubt that questions will be raised regarding the
governance and risk management processes. The responsibility of the Governors is to seek assurance that all principal risks are managed effectively.
In order for your school to operate effectively you need to start with the right skills on your Board. When did you last undertake a skills audit of the Board? Do you have the right people to meet the school’s current and future challenges? How effective is the Board in meeting its objectives?
This self-assessment questionnaire will take approximately 15 - 20 minutes to complete. Each question asked requires a judgement to be made with regards to your school’s GRC arrangements.
Partner, Head of Technology and Management Consulting
Chris leads all of RSM UK’s Technology and Management Consulting services, including IT strategy, IT due diligence, IT system selection, IT project assurance and specialist implementation services for NetSuite and Microsoft Dynamics.
Office Managing Partner, London – Finsbury Circus
Robert provides restructuring support throughout the RSM group and is a senior partner within Baker Tilly Creditor Services LLP.
Katie is a Supervisor in the Accounting and Business Advisory team based in Leeds. She has knowledge of using Sage and Xero software, with her main area of expertise being management accounts and assisting clients to improve their finance function.