Big Four HR Partner: Corporate Governance in Practices. Introduction to Psychometrics Capital Management Studies in Public Schools of Auditing

Abstract

This paper analyzes the factors that explain the increased use of special reports in Big Four, such as the survey of HR Partner, wondering if they look like evaluation studies. It examines their training as well as their impact as well as the institutional use implicit in the performance audit. From an anthropological perspective, the audit could traditionally be considered as "Rituals of Verification", recognizing the procedure and the evaluation have social effects, in public management. However, the performance established a regulatory dimension compared to the concept of verification. This study investigated the schools' financial management stakeholders' experiences of the auditing of public schools' financial records. A quali-quantitative approach was applied in the study. A survey of the HR partner of the KPMG was used to collect data from purposefully selected public schools of auditing in which principals, chairpersons of the finance committees and finance officers were involved. A case study design was applied. Thematic data analysis was used to analyse the collected data. All the participants demonstrated limited knowledge and understanding of the processes and procedures of auditing financial records, including an inability to interpret the audited financial reports. However, the participants revealed the benefits of audited financial reports, such as trust from parents in how school finances are managed. Furthermore, the audited financial reports enable schools to seek and apply for additional funding from businesses and other organisations, and to be allocated funds from the Department of Basic Education (DBE). This study recommends that the Department of Education should provide stakeholders in financial management with adequate support and training in auditing processes and procedures and interpretation of financial auditing reports.