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Back to Basics
Back to Basics episodes
- 15 min
- Episode 4: UK’s Economic Crime and Corporate Transparency Act 2023: What Academy Trusts should know and what action should be taken.
As of 1 September 2025, the UK’s Economic Crime and Corporate Transparency Act 2023’s new corporate “failure to prevent fraud” offence came in to effect. Under the rules of this Act, large organisations – including educational institutions – that fail to demonstrate reasonable fraud prevention procedures could face criminal prosecution, unlimited fines and reputational damage. The time for preparation is over and now the focus shifts to implementation, monitoring and continuous improvement.
The key focus of this podcast will be to:
• Provide an overview on the legislation and offence• Work through the ‘reasonable fraud prevention procedures’ and what ‘good looks like’• Understand how organisations have approached their implementation of the procedures and the monitoring and review tools used.28 min - Episode 3: Why risk management matters.
The key focus of this podcast was:
• To enable a Trust to achieve its strategic objectives, risk management is a key component
• How to articulate your risks and to link your internal audit plan• How does risk documentation compare to risk management20 min - Episode 2: Good Governance: Top tips and pitfalls
The key focus of this podcast was:
• Understanding the requirements of the Academy Trust Handbook 2025 and utilising the Academy Trust Good Governance Guide 2025
• Decision making/delegated authorities• Keeping governance dynamic and not static18 min - Episode 1: Special Staff Severance Payments: Navigating the Academy Trust Handbook 2025
The key focus of this podcast was:
Understanding the rules in the 2025 Academy Trust Handbook relating to Special Staff Severance Payments
Risks of non-compliance and regularity issues
Importance of documentation and internal processes
43 min
About Back to Basics
From the publisher's feed
Stone King has partnered with RSM - a leading provider of audit, tax, and consultancy services to the education sector - to bring you Back to Basics: Flourishing in Education, a podcast series created especially for academy trusts.
In collaboration with the Confederation of School Trusts (CST), this series brings together experts from Stone King and RSM to explore key topics that matter most to education providers.
Every episode is packed with practical advice and expert perspectives on issues including:
• Special staff severance payments
• Strengthening governance practices
• Managing risk
Whether you're a trust leader, governance professional, or part of a school executive team, these podcasts are designed to support your work and help your organisation thrive.
Listen to the episodes below and stay tuned for more in the series.