£73k theft at academy not spotted for 8 months

The EFSA said weak internal controls led to the theft. The fact that no one noticed anything amiss for eight months put it in breach of the Academies Financial Handbook (AFH), which requires academy trusts to be aware of the risk of fraud, theft and irregularity and to address this risk by putting in place “proportionate controls”.

https://schoolsweek.co.uk/73k-theft-at-academy-not-spotted-for-eight-months-government-probe-reveals/amp/?__twitter_impression=true&s=09