A series of “bite-size guides” have been published by the Department for Education to help colleges meet their new requirements since being reclassified as public sector organisations.
Guides for five areas were published on Tuesday morning, covering senior pay controls, write-offs and losses, severance packages, indemnity guarantees and novel transactions.
In November last year the Office for National Statistics reclassified colleges as public sector organisations, which subjects them to certain public sector spending requirements.
