Academy trusts are recommended to review their auditors every
five years. But what do management teams need to keep in mind when
looking to change their accountants, and what are the critical
questions they should be asking of their auditors?
Elizabeth Wicks looks at the regulations, the questions she
would expect academy trust leadership to ask and explains how we
can help.
Academy Trust Handbook
The new Academy Trust Handbook has tried to clarify guidance on
the appointment of external auditors, commenting that trusts
'should' retender their external audit contract at least
every five years.
Typically, larger academy trusts are in the habit of retendering
their audits every five years to ensure they receive the best
support at the right price, although that does not necessarily
result in a change of auditors. Others who are happy with their
auditors may simply review their current arrangements and fee
structures, seeking simple comparison quotes without a
