The year ending 31 July 2008 brings with it fresh compliance challenges in the form of the new Statement of Recommended Practice (“SORP”) for Higher Education Institutions (“HEIs”). In this issue we cover some key areas of the new SORP as well as other matters of interest to HEIs in their preparation for year end and beyond,
including:

• Heritage Assets;
• Operating and Financial Review;
• Donations and Endowments;
• Pension scheme valuation changes;
• Implications of the Charities Act 2006;
• Taxation Considerations;
• Implications of the Companies Act 2006 for subsidiaries of HEIs; together with our
• Supplementary financial year end checklist.

For further information, download out publication Reporting and accounting update for Higher Education Institutions (‘HEIs’) (PDF 183KB).