Audit in Education Nov 05

¾¾™¾™¾™¾™¾¾¾ AUDIT A IN EDUCATION PLEASE CIRCULATE TO:- HEADTEACHER BURSAR CHAIR OF GOVERNORS Issue No.21 October 2005 ADVICE TO SCHOOLS ADVICE TO Leicestershire County Council web-site has been FRAUDULENT CHEQUE ALERT! updated to bring you a vast amount of additional information and advice. To reach the Audit page select A school has recently been the subject of a hi-tech www.leics.gov.uk/Education/support for schools & cheque fraud, where a routine creditor cheque issued by the school, and for a modest amount, appears to have Governors/Finance/Audit been intercepted in transit and the payee / amount On the site you will find information on how the amended (to £30k). This type of fraud is known as Internal Audit Section works along with more "cheque washing". The cheque was part of the general advice: school's routine computerised cheque run, and was posted to a legitimate, commonly used company. School Private Funds l Trips The vigilance of bank staff identified this amendment / Receipting of Income forgery, and ...