TEI sector risks
Presentation: TEI sector 2009 audit debriefing.
Financial viability and sustainability
- In 2009, we gave auditors a list of TEI sector generic risks
- Purpose was for auditors to develop a better and deeper understanding of key risks in discussions with TEIs
- Going into the 2009 audit round, key risks were: financial viability and funding; asset management; and reputation
- In general, perception of key risks similar to TEIs’, see previous slide on key themes
- We are developing an audit response to key risks – bear in mind each TEI would have a different risk profile
- Expect further discussions between auditors and TEI management on risks and audit response at the 2010 planning stage
