Financial Integrity in Public Schools: A Guide to SASA Sections 42 and 43

This article provides a concise guide to the financial management responsibilities outlined in Sections 42 and 43 of the South African Schools Act (SASA). It details the critical requirements for detailed record-keeping, annual financial statement preparation, and auditing processes in public schools. Emphasizing transparency and accountability, it offers practical tips for compliance and best practices. Accountants working with educational institutions will find essential insights into upholding financial integrity and supporting school objectives. Whether you are currently involved or planning to be involved in schools' finance, this is the article for you.