UK higher education (HE) institutions are amongst the leaders in global innovation in research and teaching. Whilst maintaining the same excellence in teaching and learning, HE institutions must also face the major challenges of Brexit uncertainty, global competition, research funding concerns, and continued investment in staff, infrastructure, and student facilities in order to remain competitive and provide value for money to students.
We work with a range of institutions across the UK. As a truly international accountancy partnership, we are also able to assist HE institutions wherever they operate throughout the world. We have participated in the HEFCE (Higher Education Funding Council for England) Audit Liaison Group and CHEIA (Council of Higher Education Internal Auditors) so we can both add to the debate on issues and developments and keep our clients informed.
Our specialist Education team can advise you on a wide range of services tailored to meet the needs of their organisation. This includes external and internal audit, working capital reviews, governance and board/audit committee effectiveness, business performance improvement, carbon reduction charge, pensions and grants.
If you would like to contact a member of our Public and Social Sector team, please use the link below:
The 2024 Autumn Budget brings a mix of positive investments and new challenges for the education sector. While schools and early years education are set to benefit from increased funding, universities and private education face rising costs due to higher National Insurance Contributions (NIC) and VAT on private school fees.
With universities facing increasing competition for student recruitment, the use of various incentives has begun to raise concerns about transparency, fairness, and the need for ethical recruitment practices.
We understand the complex rules associated with funding and compliance within the education and training sector. We have a specialist team whom have a wide range of experience in the sector; from being part of funding audit teams for the ESFA/predecessor organisations to working with MIS/Compliance Teams preparing for/subject to funding audits as well as conducting funding audits/assurance reviews...
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