Investigation into the Education Funding Agency’s oversight of related party transactions at Durand Academy
13 November 2014
The National Audit Office has today published the findings from its investigation into the Education Funding Agency’s oversight of the Durand Academy Trust. The report examines the EFA’s oversight of the Trust’s compliance with guidance on conflicts of interest and related party transactions.
The report is in response to correspondence addressed to the Comptroller and Auditor General and the Chair of the Public Accounts committee.
The investigation examines the nature of the conflicts of interest, the control framework for related party transactions and the EFA’s response to issues identified at Durand Academy Trust.
Notes for Editors
- This report is a National Audit Office Investigation. The NAO conducts investigations to establish the underlying facts in circumstances where concerns have been raised with us, or in response to intelligence that we have gathered through our wider work.
- Press notices and reports are available from the date of publication on the NAO website, which is at www.nao.org.uk. Hard copies can be obtained by using the relevant links on our website.
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