Select Committee · Public Accounts Committee
Education Funding Agency and Department for Education Financial Statements: recall
Status: Closed
Opened: 7 Jan 2015
Closed: 26 Mar 2015
Inquiry scope
The Committee held an inquiry into the Department for Education’s 2012-13 financial statements and the performance and capability of the Education Funding Agency in March 2014. The Committee found weaknesses in the consolidation of the accounts and the capability of the Agency to identify risks, which meant there were significant gaps in accountability. The Committee were not convinced that the Department’s and Agency’s response to the inquiry was adequate, particularly in rejecting the Committee’s recommendations on academies’ related party transactions and on ‘fit and proper persons’ tests for academy chief executives and trustees. This inquiry challenges the Department and Agency on their response and examines the Agency’s progress in improving its data, systems and processes. The Committee also looks into the Agency’s oversight of related party transactions in the academy sector, in particular to question the Agency and also the Executive Head Teacher at Durand Academy about the related party transactions; how conflicts of interest are being managed; and what progress is being made in addressing concerns over the complex business associations at that academy.Oral evidence sessions
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| Date | Session and witnesses | Source |
|---|---|---|
| 26 Jan 2015 | No witnesses recorded | View ↗ |
Correspondence
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| Published | Direction | Letter |
|---|---|---|
| 12 Feb 2015 | From committee | Letter to the Permanent Secretary of the Department for Education |