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The South Dunedin decile 2 school was placed under limited statutory management by the Ministry of Education in May this year, following the discovery of issues with the school's financial management and employment processes.
Christchurch auditor Michael Rondel was appointed to investigate the issues, and at present he is finalising the content of his report.
Yesterday, he declined to say what was in the report until it had been presented to the board.
However, he said he now had a clearer picture of what was going on at the school.
Board chairman Justin Courtney confirmed trustees would discuss the report following the presentation.
"We'll be providing an update to staff, whanau and media in due course."
Mr Rondel has previously said he did not believe the issues at the school amounted to serious fraud.
Rather, it was about how income and expenditure, surrounding the school trips to Singapore, had been reported.
In June, he said the scope of his investigation included a full review of all the international travel that has happened in relation to the school.
"All the Singapore cultural exchange activity, all the income related to that, all the expenditure related to that, the sources of that income and expenditure, and how that's been reported to the board, so that there's clarity for everyone about how the income and expenditure has been reported.
"There's some indications that there may be some issues. I need to get to the bottom of whether that is correct or not."
The board of trustees had already begun work on the issues by establishing new governance committees which would look at reporting and policy.
- The limited statutory manager appointed at Macraes Moonlight School in June last year has been withdrawn by the ministry.
Sector enablement and support deputy secretary Katrina Casey appointed an LSM to take over all functions, powers and duties of the board of trustees as an employer, manage its communications, and establish policies and procedures.
The 18-pupil school has since been restored to board control.