‘Financial issues’ threatened 90 academy trusts, auditors warned

Auditors raised concerns that financial issues could threaten the future of more than 90 academy trusts, new data from the Department for Education has shown.

The Education and Skills Funding Agency (ESFA) today published a note outlining “key assurance findings” from work it carried out in 2017-18, which included a review of academy trust financial statements, funding audits and financial management and governance returns.

It breaks down the reasons auditors gave for raising concerns about 2016-17 academy trust accounts.

https://www.tes.com/news/financial-issues-threatened-90-academy-trusts-auditors-warned

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