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Audit

Schools are not obliged to publish accounts as such. They are, however, required to produce a financial statement as part of the governor's report discussed at the annual meeting. Local authority accounts, which incorporate those of the LEA, are subject to independent audit under the control of the Audit Commission. Read the legislation on accounts on the A to Z of School Leadership.
http://www.teachernet.gov.uk /management/atoz/s/schoolaccounts/