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This paper was produced by both CIPFA and ASCL to summarise the key points to good financial management in academies and free schools. The points made below are referenced to the paragraphs in the Academies financial handbook (AFH).
As the number of academies and free schools increase, more educational establishments are seeking clarification of their responsibilities for financial management and how to implement systems and processes which comply with the regulations laid down in the Academies financial handbook.
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