Acting for academies: An update

Audit and Technical Partner
Leavitt Walmsley Associates Ltd
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The introduction of the Academies Act 2010 has seen a significant increase in the number of schools opting out of local authority control and converting to academy status, explains Steve Collings.

Many firms are now involved with the audit and accounts preparation of such academies and for those that do act for academies, there have been some updates that practitioners need to be aware of.

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  • Young People’s Learning Agency (YPLA)
  • Whole of Government Accounts 2011-12
  • Budget forecast
  • Land and buildings valuation
  • Counter party balances return 
  • Local Government Pension Scheme (LGPS) valuations
  • Further deadlines

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