UNIVERSITY OF THE ARTS LONDON

EXTERNAL AUDIT

WHAT IS EXTERNAL AUDIT?

The primary role of the external auditors is to report on the statutory Financial Statements of the University by reviewing the associated underlying records, systems and controls. Their report states whether, in all material respects, the Financial Statements are "true and fair" (i.e. reflect an accurate position of the University's Financial affairs) and are properly prepared in accordance with recognised accounting practice, laws and regulations. In addition they form a view on whether recurrent and specific grants and income from HEFCE (and other bodies and restricted funds where appropriate) have been properly applied for the purposes provided, and in accordance with relevant statutes, grant agreements and the University's Financial Memorandum with HEFCE where appropriate.

WHO ARE THE UNIVERSITY'S EXTERNAL AUDITORS?

The University's external audit is undertaken by KPMG LLP, a firm of Chartered Accountants.

WHEN IS THE EXTERNAL AUDIT CONDUCTED?

It usually takes place between September and October following the University's financial year ending 31st July.

WHO WILL BE INVOLVED?

The year end time table details the requirements from colleges and departments leading up to the year end external audit. The timetable is published each year in June.
Should any further assistance be required during the external audit process, Central Finance will be in contact with relevant department or college.

2012 Year End Timetables release:

2012 Year End - Part A Colleges (pdf)
2012 Year End - Part B Central Services (pdf)

FOR FURTHER INFORMATION

Please contact Andrew Aldrich in Central Finance on ext 2004 if you have any queries or require further information