Delhi government is launching a comprehensive audit of 1,794 private schools. The Directorate of Education (DoE) will investigate alleged financial irregularities and excessive fee collection. Specialized audit teams have been appointed to conduct these examinations. This action follows numerous complaints from parents. The DoE aims to ensure fair financial practices in private unaided recognized schools across the capital.
Audit Details and Scope
Three project management units will execute the audits. Each unit will comprise 10 chartered accountants. The total estimated cost for this audit exercise is Rs 6.3 crore. The DoE believes routine inspections were insufficient. A detailed financial statement examination is now deemed necessary. The audit will cover the financial accounts of 1,794 private schools. It will scrutinize records from the past three years.
Audit Process and Methodology
Audit teams will analyze financial statements. They will identify anomalies and suspicious transactions. Possible violations of financial regulations will be investigated. A standard operating procedure guides this process. Initial findings will trigger deeper scrutiny. Teams will examine supporting documents like bills and expenditure records. Fee collection data and student enrollment figures are also included. Physical verification may occur if needed. School managements will engage with audit teams. Department representatives will be present during discussions. Schools must provide responses before final reports are drafted.
Outcome and Next Steps
Individual reports will be prepared for each school. Draft orders will be submitted for approval. This allows for corrective or legal actions. Schools will be assigned to the three audit teams. The DoE will finalize the team allocations. This initiative seeks to address parental concerns regarding school finances. It aims to promote transparency in private school operations.