NZ School Audits - updated template 2025

We have now made a bunch of updates based on suggestions made by user firms, and have added the 2025 template to your accounts. It’s called NZ Schools (OAG) Audit (2025).

We couldn't make all the suggested changes, in some cases because we need to make changes to the platform features that won’t be possible this year, and in some cases because there was not a clear agreement across firms.

To summarise what we have done:

1. Added a reminder on the A1 page, and an update to step on Partner review of work to confirm that “Relevant ethical requirements, including those related to independence, have been fulfilled, including independence sign-off by peer reviewers?”
2. Moved the Provision for Cyclical Maintenance and subpages into the K section, tidied up a bit and also moved the Estimates - Long Term and Cyclical Maintenance Plan also into the K section as a sub-page. Removed some items repeated from the estimates page on the main page.
3. Moved the Estimates - Long Term and Cyclical Maintenance Plan also into the K section as a sub-page. Removed some items repeated from the estimates page on the main page. Moved some items from the Excel page onto Performance Waste and Probity testing page and removed the Excel page.
4. Moved the essence of the Excel workpapers (the instructions and steps) back into AA pages and removed the Excel workpapers.
5. With revenue categories updated to split and move all related questions in together in same section.
6. Tidied up the Governance checklist removing items not relevant for schools and also moved some items from the the items required and internal controls pages that are specific to governance.
7. Updated the questionnaires by removing duplicate items so that there are effectively seperate questionnaires for board, management and admin.
8. Tided up the internal controls questionnaire so that if Xero is chosen then many questions are not required.
9. Added a question about access to school docs.
10. We removed a couple of questions in X1 Going Concern that are not relevant to schools.
11. Referenced changes in materiality in PM for Locally Raised Funds in Summary.
12. Changed references to "business" and "entity" to more appriate language for schools.
13. Added request for signed copy of SAAR report to items rrequired page.

See more - https://support.auditassistant.com/hc/en-us/articles/10869280729871-NZ-School-Audits