In our latest FE Update we ask how prevalent is fraud across the sector and does fraud risk receive the necessary focus and attention or is it assumed “no news is good news”?
We have detailed what we are increasingly seeing as typical VAT issues arising when schools attain academy status.
The risk of fraud is an increasing problem that all organisations in the Education sector should take seriously and cannot afford to ignore.
A summary of the key changes and the actions in the Academies Financial Handbook 2016 that academy trusts may need to consider.
At Mazars, our academy client base is continuing to grow. We currently act for over 160 academies providing a broad range of services including audit, outsourcing, risk management and payroll.