Monday 22 April 2013

Academy chain with 31 schools given official notice to improve over finances

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From Schools Improvement Net

One of Britain’s largest academy chains has been given an official notice to improve by the Government over financial irregularities.

One of the country’s largest academy chains has been hit with an official warning by the government over serious concerns about the financial management of its schools, TES can reveal.

E-Act, which runs 31 schools, has become the first sponsor to be issued with a “financial notice to improve” by the Education Funding Agency (EFA) after the government body found a string of “weaknesses” in the reporting of its schools’ accounts.

Read TES story

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