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Schools financial value standard

The Schools Financial Value Standard (SFVS) is a mandatory requirement for all Local Authority Maintained Schools. Every school must provide a completed Assessment signed by their Chair of Governors to Audit Services by the 31st March each year, to support the DFE return that needs to be completed by the Authority’s Chief Finance Officer.

Audit Services offer a service to support schools with the completion of the SFVS Assessment and give assurance to Governors that they have secure financial management in place. This will include a visit by Audit Services to work with you to complete the Assessment and provides support and guidance throughout the year. Any schools wanting to enquire about this traded service can contact Audit Services by emailing AuditServices.CCC@dudley.gov.uk

The link below provides guidance for the completion of the SFVS Assessment:

https://www.gov.uk/guidance/schools-financial-value-standard-and-assurance-sfvs