Preparing for a 2026 academy audit may feel like a distant task, but taking action early can make a noticeable difference. Trusts that adopt a proactive approach typically face fewer last-minute issues, experience smoother audits, and demonstrate stronger financial governance.

If you want to stay ahead, here are some practical steps to consider now.

Strengthen your financial controls

A solid framework of financial controls is the foundation of a successful audit. Take time to review whether your procedures are not only up to date but also consistently applied across the organisation.

Focus on areas such as approval processes, bank reconciliations, budget monitoring, and payroll controls. It’s also worth revisiting any recommendations raised in your previous audit to ensure weaknesses have been addressed effectively.

Enhance governance and oversight

Auditors place increasing emphasis on governance. Trustees should be able to clearly evidence their oversight and challenge.

Make sure meeting minutes are detailed and demonstrate active discussionparticularly around budgeting and financial performance. Check that statutory records (such as Companies House and Get Information About Schools) are accurate and ensure declarations of interest are complete and current.

Clear and well-maintained governance records can significantly reduce follow-up queries during the audit.

Stay compliant with DfE requirements

Regularity and compliance with the Academy Trust Handbook remain key audit areas. Particular attention should be given to related party transactions and procurement processes to ensure value for money.

Where complex or significant transactions arise, it’s good practice to discuss them with your auditor in advance. Early engagement can help avoid issues being flagged later in the audit process.

Keep fixed asset records accurate

Fixed assets often cause delays during audits if records are incomplete or inconsistent.

Review your asset register to ensure it aligns with your accounting records. Check that additions are properly classified, depreciation policies remain appropriate, and that capital projects are well documented, especially where they span financial periods.

Plan ahead for year-end reporting

A well-structured timetable is one of the most effective ways to reduce pressure during audit season.

Set internal deadlines for reconciliations and working papers and keep key balances up to date throughout the year. Identify any unusual or complex transactions early and discuss them with your auditors. Allow sufficient time for internal review before submitting information to avoid delays caused by errors or omissions.

Maintain open communication with auditors

Regular communication with your audit team can make the process far more efficient. Inform them early about any significant changes, such as restructuring, expansion, or new funding streams.

You may also benefit from arranging interim audit work, such as systems or transaction testing, before year-end. This can ease the workload during the main audit period.

Final thoughts

By reviewing controls, strengthening governance, and planning, academy trusts can reduce risk and avoid unnecessary pressure at year end. Early preparation not only improves audit outcomes but also supports stronger overall financial management.

For the original article and full insights, see: https://www.uhy-uk.com/insights/preparing-your-2026-academy-audit-practical-steps-you-can-take-now

If you’d like tailored support in preparing for your 2026 academy audit, our team is here to help.

Get in touch to discuss how we can support your trust with audit readiness, compliance, and financial governance.