The NAO’s report for the year ending August 2016 finds that the Department for Education (DfE) has made improvements on previous years but that there is still inadequate evidence to support the £45 billion of academy trust land and building assets included in the accounts.
The NAO scrutinises public spending for Parliament and is independent of government.
It has praised the DfE for having “significantly improved the timeliness and quality of its financial reporting”. For the first time this year, the DfE has produced consolidated accounts for the academy sector, made up of 3,013 academy trusts, instead of rolling them into its own group accounts.
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