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.
03 January 2019
Lisa Randall, RSM’s head of education, and Lindsey Cooper, a restructuring partner at RSM UK, comments on today’s front page story in The Times highlighting the rise in debt held by many of the UK’s universities.
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.
12 November 2018
The higher education sector is in transition, and in many respects experiencing one of its greatest periods of change, originating from a multitude of factors. RSM has undertaken a further analysis of higher education institutions’ strategic risk registers enabling readers to compare your higher education institutions risk profile with others and consider potential future risks.
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.
28 June 2018
The higher education sector is in a period of change, with further uncertainties on the horizon in the form of post Brexit and the post-18 review of education. Are we clear and comfortable with our model of assurance in this challenging environment?