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?’.
04 March 2019
Focus on pay in the education sector has increased significantly in recent years. As well as more general legislation bringing in gender pay gap reporting, levels of executive pay for universities have been hitting the headlines and ministers have asked academies to justify salaries of over £150,000. To date there has arguably been less focus on the further education sector, but this looks set to change.
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.
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.
Dominic is a not for profit specialist director advising clients in all aspects of audit, assurance and financial reporting. His primary focus is on the education sector and in particular further education colleges, heading our external audit service work in the sector.