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Post 16 Audit Code of Practice 2019 20
Stephanie Mason

07 August 2020

The ‘Post-16 Audit Code of Practice 2019-20’ (ACOP) has been published in July 2020 and applies from 1 August 2019. It sets out the ‘assurance and accountability requirements for post-16 providers, including sixth-form and further education colleges’.

Academies Financial Handbook: delivering internal scrutiny during and after coronavirus
Stephanie Mason

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.

Practical steps and Government reliefs for the education sector
Stephanie Mason

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.

Further education and sixth form college board assurance
Stephanie Mason

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.

Further education risk register analysis 2019
Stephanie Mason

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?’.

Wrongful trading risk for further education governors, warns RSM

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.

The new further and higher education SORP – what’s changed?
Stephanie Mason

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.

Increased funding pressure for FE organisations - but how much more can they take?
Stephanie Mason

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.

Taking the financial temperature of the further education and skills sector
Stephanie Mason

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.

Is your college preparing your year end and final funding claims?
Stephanie Mason

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.

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