ACAD 3.1 – Schedule of Professional Services: Assurance on Regularity
This schedule should be read in conjunction with our standard terms and conditions of business. The purpose of this schedule to our engagement letter is to set out the basis on which we are to provide an Independent Reporting Accountant’s Assurance Report on Regularity to the academy trust and the Education and Skills Funding Agency.
1 Regularity assurance engagement
1.1 The Secretary of State for Education acting through the Education and Skills Funding Agency has adopted the Standardised Terms of Engagement included within the Accounts Direction for the financial year being reported on. We will report to the Secretary of State for Education acting through the Education and Skills Funding Agency in accordance with those Standardised Terms of Engagement for Independent Accountants’ Reports. The Secretary of State for Education acting through the Education and Skills Funding Agency will not be required to sign this engagement letter.
1.2 Our engagement will be conducted in accordance with these standardised terms of engagement. Amongst other areas, these standardised terms set out the responsibilities of the academy trust and establish the scope of our work and the format of our report.
1.3 In planning and conducting our regularity assurance work, we will also have due regard to other relevant professional guidance.