Academies - Scope and purpose

The Academies Audit System provides everything you need to audit the accounts of an academy.

The system contains:

  • an introduction to the academy sector and the reporting requirements for academies;
  • work programmes in both Excel and PDF format including programmes for reporting on Regularity and to the Teachers’ Pension Scheme;
  • example letters: an engagement letter including a standard terms of business, a letter of representation and a management letter;
  • example reports for audit of the financial statements and regularity purposes;
  • disclosure checklists that address the requirements of the 2015 Charities SORP (FRS 102), the relevant Academies Accounts Direction and other academy specific disclosures;
  • reference material such as the Academies Financial Handbook, the Academies Accounts Direction, and the National Audit Office communication to auditors; and
  • archived reference material and disclosure checklists relating to previous regulations.

The system is compliant with the International Standards on Auditing (UK) as revised in June 2016 and later.