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Audit arrangements within HEIs

Audit Code of Practice

Our Audit Code of Practice sets out our requirements for institutions' internal and external audit arrangements and gives the broad framework in which they should operate.

The code is published as an annex to the memorandum of assurance and accountability (MAA). HEFCE's assurance and institutional risk service provides guidance and support to institutions in this area, including up-to-date guidance on value for money and data assurance.

Providing assurance on HEFCE grants

HEFCE requires audit reports to provide assurance on the use of grants and to support the release of final payments in respect of some of the projects we fund. Audit Practice Note 1/04 (APN 1/04) sets out the approach and format to be used to deliver the appropriate report. It also describes HEFCE's requirements and provides guidance on the interpretation of those requirements.

Auditors will need to discuss with institutions the need for such reports so that provision can be included within any work plans.

Guidance for HEI audit committees on providing data assurance to funding bodies

Under the MAA, audit committees are required to give an opinion about the management and quality assurance of data which HEIs provide to funding bodies.

We have developed guidance for audit committees about this process.

Page last updated 22 November 2017