The updated financial management and good practice guides cover the following areas:
• Streamlined Energy and Carbon Reporting
• Operating an academy trust as a going concern
• Choosing an external auditor for an academy trust
• Academy trust deficit recovery
• Academy trust risk management
• Leasing guidance for academy trusts
• Academy trust management accounting
• Internal scrutiny in academy trust
• Academy trust management letters
• External audit preparation checklist for academy trusts
Given the current focus on the effects of going concern given the current pandemic, measures to address climate change and new requirements around internal scrutiny, these guides are considered to be essential reading for those within the academy sector.
A link to these guides is provided below:
https://www.gov.uk/government/publications/academy-trust-financial-management-good-practice-guides
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