Description
Internal Audit Requirements for Cygnus Academies Trust
As a Multi-Academy Trust, Cygnus Academies Trust is committed to maintaining the highest standards of financial governance and operational efficiency, as outlined in the Academies Trust Handbook. To ensure robust accountability, we conduct regular internal scrutiny, providing independent assurance to the Trust Board and Accounting Officer that our financial and non-financial controls are effective and compliant with statutory requirements.
We are currently seeking a new provider for our internal audit services to align with our strategic priorities and deliver a comprehensive audit framework across all schools in the Trust. This provider will play a critical role in helping us ensure compliance, mitigate risks, and enhance our internal controls.
Key elements of the internal audit provision include:
1. Risk-Based Approach: A targeted focus on high-risk areas, including financial reporting, governance, safeguarding, and operational systems. The provider must demonstrate expertise in identifying vulnerabilities and recommending practical, cost-effective solutions to mitigate risks.
2. Cybersecurity and Data Protection: As technology underpins our operations and teaching practices, a key priority for Cygnus is to address the growing risks associated with cyber threats. The chosen provider must have the capability to assess the effectiveness of our cybersecurity controls, data protection practices, and disaster recovery plans, ensuring alignment with GDPR and other relevant regulations.
3. Governance and Compliance: Ensuring that the Trust adheres to ESFA requirements, including the preparation and review of financial statements, reporting on compliance with funding agreements, and the Academies Financial Handbook.
4. Collaborative Reporting: Providing clear, timely, and actionable reports for the Audit and Risk Committee, Trust Board, and senior leaders to inform strategic decision-making.
We seek a proactive partner with demonstrable experience in the education sector, particularly with Multi-Academy Trusts, who can offer tailored insights and practical recommendations.
If you share our commitment to excellence and have the expertise to support our evolving needs, we invite you to join us in realising our vision of ambition for children and young people.
Please contact us via email with your proposal to arrange a meeting with our team.