Information outlining good practice in academy trust financial management and assurance.


Operating an academy trust as a going concern


Choosing an external auditor for an academy trust


Academy trust deficit recovery


Academy trust risk management


Leasing guidance for academy trusts


Academy trust management accounting


Internal scrutiny in academy trusts


Academy trust management letters


External audit preparation checklist for academy trusts guidance


External audit preparation checklist

MS Word Document, 39KB


Guides for academy trust:

  • trustees
  • accounting officers
  • principals/executive leaders
  • chief financial officers (CFOs)

These guides do not replace or modify any requirements set out in the Academies Financial Handbook (AFH) and the Academies Accounts Direction (AAD). They aim to provide suggestions about good practice.

ESFA produced these guides with input from experienced practitioners from working group 3 of the Academies Finance and Assurance Steering Group.

You can find more good practice information at the Institute of School Business Leadership (ISBL) good practice library.

Published 1 March 2019
Last updated 12 September 2019 + show all updates


  1. We've added a new good practice guide - 'External audit preparation checklist' and 'External audit preparation checklist guide'.
  2. Updated to add a new good practice guide on academy trust management letters.
  3. Page updated to add a guide to academy trust internal scrutiny.
  4. First published.

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