Several Canterbury schools were among 42 schools nationwide that borrowed too much last year, an Auditor General report reveals. The other Canterbury schools that failed to comply with the Education Act loan requirements were Aidanfield Christian College, Ashburton Intermediate and Marian College. READ MORE:* Golden Bay school tackles continuing debt* Schools 'cautiously optimistic' about Tomorrow's Schools review recommendations* Manawatū schools go under the auditor's microscopeThe Auditor-General's report shows 2,444 schools were audited with a range of financial irregularities identified. "However, each year, we identify some schools that we consider to be in financial difficulty," it said. "Many schools, particularly small schools, use a service provider to prepare their financial statements for audit," the report said.

Source: Stuff December 01, 2019 03:48 UTC