13 May 2020
Coronavirus lockdown and lack of onsite internal scrunity is putting academies in a tough position in their attempts to gather assurance and information for their summary reports as outlined in the financial handbook.
23 March 2020
We have looked to summarise the practical steps those in the education sector should be looking to take to mitigate the issues caused by coronavirus.
22 November 2019
Recent years have been challenging times for many institutions in the further education sector. With these challenges, has come a greater focus on governance and governing. It is critical for boards to have a full and accurate picture of what is going on in an organisation to be able to respond in a timely and appropriate manner.
29 April 2019
The further education sector has faced many challenges and risks in recent years and these look set to continue in 2019 and beyond. RSM’s latest risk register analysis, drawing comparisons with our work in 2018 and 2016, enables you to compare your college’s risk profile with that of others. This enables you to consider ‘how do our risks compare?’ and ‘are we missing any key risks?’.
31 January 2019
On 31 January the further education insolvency regime will come into force, meaning that for the first time it will be possible for colleges to fail and be placed into an insolvency process.
27 November 2018
Following the triennial review of FRS 102 the new further and higher education SORP (SORP 2019) has been issued. All further and higher education institutions in the UK this new statement of recommended practice (SORP) must be adopted for periods beginning on or after 1 January 2019. To learn more about the updated practice click here to find out more.
22 October 2018
Following the latest education funding statistics from the Institute of Fiscal Studies, it appears that further education and sixth-form funding has fallen by 8 per cent in real terms since the peak in 2010-11. In addition, funding for adult education has reduced by 45 per cent since 2009-10 – highlighting severe pressure across areas of the further education sector.
13 August 2018
The Government’s response to the latest consultation on an insolvency regime for the sector was published in June. In considering whether it is likely to be used we have looked at the financial health of the sector as shown in the latest available accounts, which continues to raise concerns about the sector.
20 July 2018
Are you preparing your year end and final funding claims? At RSM we carry out a variety of reviews of funding for our college and training provider clients. Download our briefing to explore some of the key changes to funding and areas to consider.