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Joint Audit Code of Practice

Joint Audit Code of Practice Part 1

Part 1 of the Joint Audit Code of Practice (JACOP) came into effect on 1 April 2010.  On 19 July 2010 the Secretary of State for Education announced changes to streamline and simplify the 16-19 funding and allocations system.  As part of these changes the Secretary of State asked the YPLA to directly fund colleges and other providers for 16-19 provision with effect from 1 August 2010.  Consequently some amendments needed to be made to the published Part 1 of the JACOP to reflect the new arrangements.

A revised Part 1 was made available on the Skills Funding Agency’s and YPLA’s websites in the Autumn of 2010 prior to a period of consultation.  Following the consultation the revised Part 1 became effective from 1 August 2010 and the final version is now available.

The more detailed audit arrangements which will need to be in operation to ensure that appropriate assurances can be provided by the new system will be set out in Part 2 of the JACOP which is being developed and will be consulted upon in due course.  In the meantime the arrangements for internal audit and financial statements audit for further education and sixth form colleges, together with arrangements for college audit committees, set out in the existing Audit Code of Practice will remain in force until Part 2 of the JACOP is published.  Regularity audit arrangements for colleges also remain in place.

Circular 04/07: Audit code of practice

Audit code of practice
Supplement A
Supplement B
Updated 13 December 2004

The purpose of this circular is to introduce the revised Code that applies to the post-16 education and training sector until further notice. The Code includes the mandatory audit arrangements for FE colleges as well as summarising the audit arrangements for the LSC's principal funding of other providers. The circular also reports on the outcomes of the consultation set out in a letter to FE colleges dated 28 June 2004.

Prior to the printed publication and distribution of the revised Audit Code of Practice (the Code), the LSC is setting out its audit requirements on providers in the Code, as a pre-printed web based document under LSC Circular 04/07; this is attached.

For the attention of colleagues in the FE sector:
Addendum to information previously given relating to workshop sessions on the revised audit code of practice.