Academy Schools’ Finances

This Public Accounts Committee report into academy schools' accounts claims that too often academy trusts are falling short of its expected high standards and that the DfE is too slow to react. It includes a failure to address excessive salaries paid to senior staff and inadequate rules governing related party business transactions involving £120m of public money. Leadership Briefing (140)

The report recommends that the Department now needs to make the Annual Report and Accounts more timely so that it can be used more effectively by stakeholders, including Parliament and parents, to hold the Department and academy trusts to account.

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