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Whilst this presents exciting opportunities for schools looking to convert to Academy status, there are also a number of challenges ahead, including a new accounting and financial reporting regime as well as dealing with the requirements of the Education Funding Agency and other regulatory bodies. It is therefore important that academies consult early in the process and choose advisers who have the experience and expertise to help meet these challenges.
Having an audit is a requirement for an Academy as set out in the Funding Agreement. However at James Cowper Kreston we see our engagement as more than just a statutory necessity, with a real desire to add value to our clients. James Cowper Kreston provide a range of specialist services, advice and support for established Academies and those schools looking at converting to Academy status.