How often is the school audited for its internal accounts?

Schools typically undergo audits of their internal accounts on an annual basis to ensure financial integrity, compliance with regulations, and effective use of resources. Conducting audits each year allows for the identification of any discrepancies or areas for improvement in the financial practices of the school. It also provides stakeholders with a reliable assessment of the school's financial health and accountability.

While audits can be more frequent, such as quarterly or semesterly, these are generally less common and may only apply to certain specific financial conditions or larger institutions. Conducting audits every other year might limit the responsiveness to financial mismanagement or issues that could arise in the interim, making an annual audit the most effective practice to maintain oversight and transparency in school finances.