Due Diligence

Due diligence can be defined as the process of making sure a trust fully understands the information needed to enable it to decide whether to bring a school into the trust.

Information can include:

  • costs
  • risks
  • benefits
  • assets
  • liabilities

The importance of rigorous due diligence was highlighted in the Public Accounts Committee’s report about converting schools to academies.

Best practice guidance for governing bodies of maintained schools, local authorities and academy trusts.

DFE Guidance: Due diligence in academies and maintained schools.