NCR transactions in colleges and academy trusts

This guidance is for:

• colleges
• academy trusts
• subsidiaries of colleges and academy trusts

Colleges include:

• further education college corporations (FE colleges)
• sixth-form college corporations
• institutions designated asinstitutions, beingestablished inor thedesignated further education (FE) sector under section 28 of the Further and Higher Education Act 1992 (as amended)

It should be read by:

• college and academy trust principals, accounting officers, chief executives, and finance directors
• college governors
• academy trustees
• college and academy trust governance professionals (sometimes referred to ’clerks’ or ‘directors of governance’)

College and academy trust auditors may find this guidance helpful in planning their work, particularly in connection with their regularity engagement.