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Why are there no audited financial statements in secondary vocational education schools?
Secondary vocational schools do not have public financial statements, because they are not private enterprises, but subordinate institutions of local governments. Their financial operations are more regulated and managed by the government, and do not benefit from the market mechanism like private enterprises. They have their own competitiveness and do not need to disclose financial information to the public.

Generally speaking, secondary vocational education schools are teams of teachers and students. Teachers aim at constantly improving their own quality, and students aim at obtaining professional qualification certificates. Society pays little attention to them and does not ask them to provide financial information. Therefore, local governments can exercise stricter supervision over schools to prevent any financial losses in school operation.

In addition, because the funding sources of secondary vocational education schools are mainly supported by local governments, it is also conducive to the financial supervision of the government. If a school needs to disclose its financial statements, it will be directly intervened by the government regulatory agencies, which will reduce the school's operational autonomy.

In view of this problem, schools can also take some measures to ensure financial security, such as establishing a strict financial management system, strengthening the review of financial expenditures, and establishing internal and external financial audit policies, and so on.

In short, secondary vocational education schools do not disclose financial statements, which is not a refusal to open audit and transparency, but is influenced by their government nature and financial operation, so it is not necessary to expose financial statements to public supervision. Nevertheless, the school still has the responsibility to ensure the financial security of the school in information and establish a perfect internal supervision system.