Sectors | Independent Schools

At Larking Gowen we have a specialist department who are experienced in dealing with independent schools and all their accounting issues. As in all sectors there are numerous rules and regulations and we are able to give advice on a wide range of areas including:

• New auditing standards
• The proposed new Charities Act, including public benefit test
• New accounting rules
• VAT issues
• Trustees / Governors reports
• Responsibilities of school governors, as well as their training

Independent Schools

In the world of accounting, independent schools need to be aware of a changed accounting and auditing environment brought about by a new Statement of Recommended Practice (SORP) and the introduction of International Standards on Auditing (ISAs). Indirect tax, in the form of VAT, is another area of change and hazard, especially if a school development project is being planned.