{"id":52690,"date":"2015-01-20T12:32:20","date_gmt":"2015-01-20T12:32:20","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=84c719d2d75a663952d1e7c6fbc8746f"},"modified":"2015-01-20T12:32:20","modified_gmt":"2015-01-20T12:32:20","slug":"government-response-response-dfe-annual-report-and-accounts-for-2013-to-2014","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=52690","title":{"rendered":"Government response: Response: DfE annual report and accounts for 2013 to 2014"},"content":{"rendered":"<div class=\"govspeak\">\n<p>Responding to the publication of the accounts, a department spokesperson said: <\/p>\n<blockquote>\n<p>We are pleased the <abbr title=\"National Audit Office\">NAO<\/abbr> has found no material inaccuracies in the financial statements of the department, the <abbr title=\"Education Funding Agency\">EFA<\/abbr> and the 3,905 academies included in this report.<\/p>\n<p>However, consolidating the accounts of thousands of academies is an enormous task. This is a complex procedure and the largest of its kind carried out in the UK, and involves the consolidation of accounts with different year ends. We recognise the issues identified by the <abbr title=\"National Audit Office\">NAO<\/abbr> with this process. We take the concerns very seriously.<\/p>\n<p class=\"last-child\">We are working closely with the <abbr title=\"Her Majesty's\">HM<\/abbr> Treasury to find a more sustainable solution to this process.<\/p>\n<\/blockquote>\n<h2 id=\"further-information\">Further information<\/h2>\n<p>The Comptroller and Auditor General has acknowledged improvements we are already making to the accounts process, including: <\/p>\n<ul>\n<li>improvements to the timeliness of returns received, having had only 22 academy trusts not provide information<\/li>\n<li>refining and improving the risk-based approach to data collected from academy trusts<\/li>\n<li>obtaining greater detail on academy trusts\u2019 pension liabilities, which has removed a source of error identified in 2012 to 2013<\/li>\n<\/ul>\n<p>The department\u2019s financial year ended on 31 March 2014, while academies produce their accounts for the academic year, which ended on 31 August 2013. Consolidating accounts from these 2 different time periods is a significant contributory factor to the level of error and uncertainty in the accounts.<\/p>\n<p>Read the \u2018<a href=\"https:\/\/www.gov.uk\/government\/publications\/dfe-consolidated-annual-report-and-accounts-2013-to-2014\">DfE consolidated annual report and accounts: 2013 to 2014<\/a>\u2019.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Department for Education response to the publication of our consolidated annual report and accounts.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/52690"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52690"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/52690\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}