Clarification on requirement 3.22 in the Academies Financial Handbook (AFH) 2019

21 October 2019

Requirement 3.22 in the new 2019 handbook states, “The trust must submit its annual summary report of the areas reviewed, key findings, recommendations and conclusions (as presented to the audit committee under section 3.15 by the person or organisation carrying out the programme of work) to ESFA by 31 December each year when it submits its audited annual accounts. The trust must also provide ESFA with any other internal scrutiny reports if requested.”

Please note, that the requirement for trust’s to submit an annual summary report is actually for next year i.e. 31 December 2020. For this year, by 31 December 2019,  trusts simply need to send the most recent report they have already prepared for their own purposes anyway, which might not necessarily be an annual one. The letter dated 19 July, sent to trusts by Eileen Milner, ESFA Chief Executive, conveyed the requirements under “Submitting internal scrutiny reports to ESFA”. 

Last week, the ESFA also published the updated Academies Accounts Direction which provides information for academies about submitting their annual accounts and also includes the arrangements for submitting their internal scrutiny report. 

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