Many of the aspects needing to reviewed included:
Setting up a school filing system, re-establishing board minutes books for the past seven years, moving parents to online banking and online ordering of stationery to minimise cash-handling and establishing a robust cash-banking system.
He also wanted to review the school bank "in the light of unsatisfactory performance", he said.
The Ministry of Education this week said it was made aware of the situation after the school board raised a number of serious misconduct issues.
As a result, the matter was referred to the Education Council as well as police.
Those matters now being investigated did not involve any current staff members.
This week, the Matipo BOT released a statement acknowledging that "no children had been directly affected".