Updated: Amended summary to clarify that the guidance is for initial teacher training providers.
One of the requirements of National College for Teaching and Leadership (NCTL) funding, as set out in the financial memorandum, is that providers submit independently audited accounts each year. Submitting a completed audit grant report forms a part of this process.
All providers must complete an audit grant report. An accounting officer contact must be set up, and they should submit the completed and signed report to their auditors.
Accounts guidance notes are also available from this website.