The ESFA has published the post-16 audit code of practice for 2020 to 2021 and the regularity self-assessment questionnaire for 2020 to 2021. This sets out the common standard for the provision of assurance in relation to funding of post-16 providers. It includes guidance on the annual assurance arrangements for sixth-form and FE colleges and their auditors, and provides information on the requirements in place for independent training providers. This article focuses on one of the changes in the document which requires all external auditors to conduct a funding audit this year, before signing off on the annual college financial statement.
