26 November 2019
This week's university strikes have once again put the spotlight on the financial pressures facing the UK's higher education sector. The latest report from the Office for Students (OfS) has revealed that 71 higher education institutions are now subject to enhanced monitoring requirements amid concerns around their financial viability and sustainability.
30 October 2019
The higher education (HE) sector faces several uncertainties and inter-related risks which need to be managed. This is necessary, not only to protect the institution, but also to enable opportunities to be seized. RSM’s latest risk register analysis enables your institutions risk profile with that of others. This helps you to consider ‘how do our risks compare?’ and ‘are we missing any key risks?’
To maximise the opportunities universities need to remain compliant with UK visas and immigration standards (UKVI) to avoid any future reputational, financial and operational risks.
30 May 2019
Lisa Randall, RSM's head of education, comments on the publication of the independent Augar review of tertiary education.
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.
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.