Overview of the Sector
India as a developing nation is progressing in the field of education. This education system needs greater transparency, accountability which can be done by skilled and highly educated people. These people in-turn drive our economy forward. Increased impact of education towards modern societies has led to increased awareness regarding societal problems. Employment and the ability of an individual to contribute to the societal benefits has increased drastically in today’s day and age which has further reduced poverty and increased job opportunities.
Revolution in the education system with the introduction of New Education Policy (NEP) has paved way towards successful formal education. With the introduction of remote methods of teaching during the tough times of Covid-19 has also given way for technological revolutions in education systems. There have been several platforms which claim to provide degrees from foreign universities at the convenience of one’s own place with the option of part time and fulltime flexibility options. Several types of courses with creative and variety specializations which claim to replace traditional education systems are also in the current trend and have been driving in plenty of traffic.
Digital education has revolutionized the way education is delivered and has increased the reach of education globally. The main objective of digital education is to provide learners with flexible and accessible educational opportunities, enhance learning experiences and outcomes, and support teaching and learning with technology.These are the some of the major revolutions witnessed in the education sector.
An audit or an assessment is designed to be a method to document the strengths and weakness of educational practices and institutional effectiveness leading them to desired accountability towards the society. Audit does not only provide validation to the books of accounts of the organisation but also reflects the financial health and stability of the organisation.
By means of audit, we assist in maintaining credibility of the accounted statements according to compliance insisted by the government rules. This not only keeps the institution free from compliance problems but also helps to maintain a systematic record which in-turn can be utilised during unforeseen situations. A digital education system audit is an assessment of the use of technology in an educational setting. It is conducted to evaluate the effectiveness and efficiency of the technology systems, tools and processes in support of the educational objectives. The audit covers areas such as hardware and software infrastructure, training and support, data management and security, and integration with other systems. The goal of the audit is to identify strengths and weaknesses in the system, as well as opportunities for improvement, and to make recommendations for optimizing the use of technology in the education environment. Audit enables Educational Institutions to achieve their objectives and address the risks that have the most significant impact on the institution.
PSC has a dedicated team of professionals conducting audits for various clientele right from schools, educational institutions and various other organisations from a plethora of sectors and industries. We experience in providing audit and advisory services. We have been nourishing in auditing such organisations for more than three decades.
At PSC, our auditing services are also tailored as per the requirements of educational institutions.
We offer comprehensive, high quality and uncompromised audit services. In doing so, we look forward to add value to the business of our clients at all times. Over the years, we have gained the trust and also built unmatched reputation for rendering superior services and management advice. We strive for the betterment of our professionals and constantly review our progress to take that extra step in terms of growth when compared to the industry standards. We strive to help our clients to row in an effective manner with utmost care and devotion.
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Systems & process setup & implementation
We design and create audit plan and execute audit procedures which enables our clients to have the audited reports at their fingertips -
Tax advisory
Designed to help clients understand and minimise the tax challenges that Educational Institutes face -
Authenticating Records
We look into the accounting records and provide valuable feedback and help the organisations win against any hurdles that come their way -
Strategize Growth
We help with people management, business planning and brainstorming ideas effective for the growth and development of the business/ organisations.