by Matthew Dale | Feb 28, 2017 | Audit Express, Best Practice, Compliance Consulting, Funding Contract, Internal Auditing, Registered Training Organisation, Skills First, Uncategorized, User Choice, Victorian Funding Contract, Victorian Training Guarantee
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The Victorian Department of Education and Training have released the
suite of 2017 Skills First internal audit tools.
[/vc_column_text][/vc_column][vc_column][vc_column_text]The Victorian Department of Education and Training (DET) have released their suite of internal audit checklists to assist contracted Training Providers to determine that they have the quality systems, processes and resources in place to meet the requirements of the VET Funding Contract in line with the objectives of the Skills First Program.
There are 5 versions of the Internal Audit Checklist which align with the 5 different 2017 VET Funding Contracts. The Department have designed the Internal Audit Checklist with the aim of providing your organisation with a management tool to assist you in complying with the contractual requirements.
All Training Providers with a Victorian 2017 VET Funding Contract must complete an internal audit six months from the commencement date of the Contract. However contracted training providers are strongly encouraged to complete their internal audit as early as possible to ensure they are aware of the contractual requirements and compliant throughout the year.
You can access the 2017 internal audit checklist relevant to your organisation by logging into the departments SVTS portal.
While it is a requirement for all training providers with a Victorian funding contract to complete the internal audit checklist annually, it is considered best practice in the VET Sector to complete an independent internal audit of your RTOs Registration Requirements and all Funding Contract Obligations at least annually. Audit Express recommends that RTOs engage a specialist VET internal auditor that is independent from the day to day operation of your business to complete your RTOs internal audits, and to provide you with independent advice on how to improve your operational, registration and contract compliance.
Need help completing your Skills First Internal Audit Checklist? Contact the experts at Audit Express today.
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by Matthew Dale | Jul 7, 2015 | ACPET, ASQA, Best Practice, Certificate 3 Guarantee, Funding Contract, Future Skills Fund, Industry Skills Fund, Internal Auditing, Marketing, Registered Training Organisation, Skilled Capital, Skills for All, Skills Fund, Smart and Skilled, Standards for Registered Training Organisations (RTOs) 2015, User Choice, VET Fee Help, Victorian Training Guarantee, VRQA
Future Proofing Your Business [emaillocker id=6291]
Audit Express have partnered with Circulus Education to deliver the October VET Industry Drinks: Future Proofing Your Business
Times are changing in the VET sector. We are facing a major shift in the overall structure, regulation and funding of the VET sector. Attend our event on the 14th of October to learn more about future proofing your business.
You can register to attend here >>>
http://www.eventbrite.com.au/e/oct-vet-industry-drinks-future-proofing-your-business-tickets-16307689739
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![Funding Contract Compliance and Audit Readiness.]()
by Matthew Dale | Jan 27, 2015 | ASQA, Certificate 3 Guarantee, Funding Contract, Future Skills Fund, Industry Skills Fund, Internal Auditing, Registered Training Organisation, Skilled Capital, Skills for All, Skills Fund, Smart and Skilled, Standards for Registered Training Organisations (RTOs) 2015, Uncategorized, User Choice, VET Fee Help, Victorian Training Guarantee, VRQA
If your Registered Training Organisation (RTO) delivers training with access to government funding, ask yourself the following two important questions:
1) Is your RTO compliant with the requirements for each of its funding contract(s) ?
2) Is your RTO audit ready ?
With government funding for the VET Sector receiving recent significant media attention in relation to poor quality training providers, low completion rates and concerns around the practices of some RTOs using the VET Fee Help scheme, the time to check your RTOs contract compliance is now! [emaillocker id=6291]
See the following articles:
• http://www.theaustralian.com.au/higher-education/audit-flagged-for-vfh/story-e6frgcjx-1227178735160
• http://www.theage.com.au/victoria/concern-as-online-vet-course-completion-drops-enrolments-rise-20150116-12r4tx.html
Far too often RTOs reach out for help with compliance only days or weeks before they are due to receive an audit from the regulator or the relevant government department. This leaves little time to conduct an internal audit and even less time to take action on addressing any non-compliances. We see the best outcomes at audit when an RTO has a systematic approach to conducting regular internal audits across its entire operation.
With government funding contracts available across all states and territories it can be difficult for RTOs to keep up to date with the maze of compliance requirements, here are just a few examples of government funding that RTOs can now access across Australia:
If your RTO is delivering training with access to government funding and wants to take a best practice approach to its management and operation, you should be conducting an internal audit of your RTOs compliance in-line with the contractual requirements of each government funding contract at least every 12 months.
It is always best to take an holistic approach to conducting internal audits, whereby you systematically review your RTOs policies, procedures, business processes, records, student management system, student files and staff files. Following the audit you should identify any gaps, areas for improvement, strengths and non-compliances. Also, be sure to build an action plan to document any rectification work that may need to be carried out to achieve full compliance.
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