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Strategic and other reviews and audits
Considered Compliance Services Pty Ltd has a focus on the delivery of high quality compliance services to the education sector.
We have experience with strategic reviews and compliance audits, having delivered internal audit and contracted services to a range of education providers and public statutory authorities.
Considered Compliance Services Pty Ltd has a proven track record of delivering high quality projects on time, and is committed to the delivery of quality services tailored to your business needs.
Strategic reviews
A strategic review is generally conducted to assess business strategies and practices and establish options for the future.
We have facilitated the strategic review of the sub-degree markets for a dual sector university. The project involved leading a strategic review team consisting of 10 academic and non-academic leaders selected by the Vice Chancellor. The review was completed in 8 weeks and involved reviewing all aspects of the sub-degree markets educational delivery. The review considered:
- Secondary education services
- English language services
- VET education services
- HE diploma and HE pathway services
- Corporate services
- Government contracts
- Facilities utilisation
- International student markets
We have also conducted an International Division review of a TAFE Institute in partnership with another consultant. The review considered:
- International Division strategic positioning and business planning
- Organisational structure
- International operations offshore
- International operations onshore
- Business systems and practices
- Level of integration with the Institute’s staff systems and processes
We have capability to lead strategic reviews and have the knowledge and experience to undertake and successfully deliver strategic reviews.
Contract Compliance reviews
A contract compliance audit is a comprehensive review of an organisation's adherence to its contractual requirements. It involves review of practices against the contractual requirements. Additional to assessing compliance to the contract, this process also evaluates the strength and thoroughness of contract preparations and the effectiveness of implementation.
A contract compliance audit reviews the policy framework (Policies, procedures and supporting documentation), staff awareness (induction and training), system effectiveness to report and monitor contract requirements, IT controls including user access controls to ensure integrity of
information, and risk management practices.
Common issues detected during contract compliance reviews include gaps in capability or capacity including:
- Lack of understanding of a documented governance process;
- Inadequate contract management practices;
- Poor staff knowledge or understanding of the contract; and
- Lack of appetite for continuous improvement and innovation
General compliance reviews and internal audits
Compliance reviews and internal audits can be conducted in respect to any process and generally involves an assessment of compliance against:
- Legislative requirements
- Regulatory requirements
- Corporate policy and procedures
Similar to a contract management audit, a compliance review or internal audit reviews the policy framework (Policies, procedures and supporting documentation) staff awareness (induction and training), system effectiveness to report and monitor requirements, IT controls including user access controls to ensure integrity of information and risk management practices.
The reviews generally detect:
- Lack of documented policy or procedures
- Differences between the documented policy and the current business practices that require policy updates to reflect practice
- Missing or incomplete records and documentation
- Workarounds due to inadequate business systems
- Poor, lax or inadequate practices
Our review services include:
- Conducting the VET Funding Contract annual internal audits for RTOs which includes review of RTO practices against the contractual requirements.
- Victorian Auditor General Audit (VAGO) readiness review for a statutory authority
- TAFE ASQA re-registration preparation audits focussing on teaching areas
- International and domestic partnership systems and processes review including ensuring the contract conditions and KPIs were complied with
- Financial Management Compliance Framework and Purchasing card reviews for Statutory authorities
- Procurement reviews
- Competitive Neutrality reviews
- Fraud and Corruption control reviews
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