The Good Education, Good Governance Act imposes requirements on schools to ensure they provide a good education. A good standard of education is of fundamental importance to the competitive position of the Netherlands, which is why the government wants to improve the quality of education. In addition, various cuts have been announced (tailored education). Moreover, the pay of administrators at educational establishments has been the subject of public interest for several years now. Educational establishments should provide administrators with pay packages that are socially responsible, not exorbitant (Dutch Executive Compensation Regulation Act). Given the downward trend in student numbers, it is vital that the financial function at educational establishments is handled properly.
Education Sector Group for efficient administration and information
The Education Sector Group participates in the national consultations between accounting firms and the Dutch Ministry of Education, Culture and Science. This means we can provide you with information on legal and regulatory developments in the education sector in good time. We can provide you with support when setting up your planning and control cycle, and financial records, selecting a management information system and producing the necessary reports.
Good governance and reporting
The financial statements of educational establishments have to comply with an increasing number of requirements, including the Dutch Accounting Standards (DAS 660). Good governance continues to play a growing role in the directors’ report. The Education Sector Group can provide you with support and advice in relation to compiling financial statements that comply with ever-stricter requirements.
To find out more or to ask a specific question, without obligation, please contact the specialists at the Education Sector Group