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<p>Financial accountability for academies is founded on a clear framework which is
regulated by the Education and Skills Funding Agency (ESFA).</p><p>The ESFA has a
robust intervention strategy to ensure, where financial concerns are identified, that
appropriate and proportionate action is taken swiftly. The ESFA will intervene in
a way that is proportionate to the risk and preserves the effective education of children.</p><p>The
department is satisfied that these arrangements provide robust financial oversight
for academy trusts and we have no plans to change them.</p>
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