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2013-14 Financial Reporting
02 September 2014 Andrew Malin,
HEFCE’s new Accounts Direction for 2014-15 changes the disclosure requirements for the remuneration of heads of institutions. It also changes the basis for counting higher paid staff included in the £10,000 pay bands (from a starting point of £100,000).
BUFDG’s Financial Reporting Group (supported by the funding bodies) has encouraged early adoption by HEIs. This applies to the enhanced disclosure of remuneration of heads of institutions BUT NOT to the pay band change, early adoption of which would be non-compliant with 2013-14 Accounts Directions.
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02 September 2014 
Andrew Malin,
