Audit Service For Schools
City AI Accounting
Audit Service For Schools
We provide professional audit service for schools and have rich experience in handling school accounting and familiar with school administration manuals, school accounting and audit practices, etc., funding accounts such as QE fund, IT - Lab, Knowing More About IT, WeCan, PTA, Youth Exchange, SWD fund, ORSO calculation…etc, and audit report to Company Registry.
Kindergarten Reports
Report
- Report 1 / Report 1A
- Report 2
- Report 3
- Report 4A
- Report 4B
- Report 4C-1
- Report 5
- Report 6
- Report 7
Content
- Annual ervenue and expenditure account
- Balance Sheet
- Child care centre subsidy scheme and enhancement of child care service staff allowance report
- One off allowance report
- Statement of reimbursement
- Education Bureau subsidies with refund clauses in addition to the kindergarten project account
- Business activity report
- Donation income report
- Account notes
Primary/Secondary School Reports
Report
- Report 3.1
- Report 3.2
- Report 4.1
- Report 4.2A
- Report 4.3
- Report 4.4
- Report 5
- Report 6
- Report 7
- Report 8
- Report 9
- Report 10
- Report 11
- Report 12
- Report 13
- Report 14
- Report 15
- Report 16
Content
- Expanded operating allowance-financial statements
- Expanded Operating Allowance-Statement of Income and Expenditure of Various Allowances
- Salary allowance account
- Integrated supply teacher allowance
- Activity Plan Grant for the Committee on Family-School Cooperation
- Non-recurrent subsidy for the enhanced remedial teaching program in primary schools
- ......
- Additional supply staff allowance
- Others
- Care Fund Aid Project Account
- Mortgage interest allowance
- Non-recurrent allowances and engineering and equipment allowances for school buildings and furniture and equipment
- Employer contributes to provident fund / MPF scheme for non-teaching staff
- Capital Reserve Account (1) - General Expense Account (only applicable to schools that do not charge tuition fees)
- Capital Reserve Account (1) - Class Fees: Income and Expenditure Account (only applicable to schools that charge class fees)
- Capital Reserve Account (2) - Sale of textbooks
- Capital Reserve Account (3) - approved fees for specific purposes
- Start-up expenses
- School furniture and equipment
- Accumulation fund
- Balance sheet
- Notes to Financial Statements
Project Audit
Every year, schools apply for and use various project grants and funding. After the completion of each project, it is generally required to produce an audit report based on the overall project situation for the relevant organization. Most of the time, the audit report must be submitted within 2 or 3 months after the completion of the funding, and delays in submission will result in follow-up reminders.
City AI Accounting can assist your school. We have years of experience in auditing project funding for QE Fund, IT Innovation Lab in Schools, Fun IT Knowledge, Wecan, PTA, Youth Exchange Programs, SWD funding, and more. We are familiar with the practices and requirements of the relevant organizations and can provide your school with prompt audit services.
Q&A
CAIA has been handling the audit of primary and secondary schools and kindergartens in Hong Kong for many years and has extensive experience in handling school government accounts and school finance accounts. EDAC – a professional accounting system, which fit for EDB requirements, is developed by one of our group companies, Norray Professional Computer Ltd. Both CAIA and Norray have colleagues who specialise in school projects. We keep abreast of the latest EDB practices and information, and share with each other the annual requirements and changes in the EDB, result to provide professional service to schools.
Yes, CAIA has professional accounting colleagues who are responsible for completing the school’s EDB statements and we are familiar with the annual requirements and changes in the EDB, fully understand the approach of each Fund, helps schools to complete EDB statements correctly, assist schools to complete the annual audit job.
CAIA has been handling the audit works of primary and secondary schools and kindergartens for many years in Hong Kong and our audit team has extensive experience in handling school government accounts and school funding accounts. We helped over 400 schools with their accounting problems, and provided a lot of professional advice on the handling of the accounts during the audit. Therefore, you can be assured that to pass your school audit job to City AI Accounting.
CAIA offers 3 options :
a. scan to email Documents to be audited
b. upload documents to google drive/one drive… and share to us. Documents do not need to keep out of the school without fear of loss and can be saved electronically;
c. Courier paper documents to our office (School visits may be possible depending on the specific circumstances of the school – e.g. to check stock levels in the warehouse of school)