19 March 2018 
Matt Sisson, Projects and Membership Manager
The TRAC Development Group has published ‘An assurance framework for TRAC’ this week, which has been circulated to Heads of Finance and TRAC practitioners.
“This useful guide was developed to help institutions… consider the extent of assurance that exists over TRAC, and to give practical guidance on how to develop an assurance framework. It provides useful tools to enable a balanced and proportionate approach to ensuring compliance with the minimum TRAC requirements”. It is to be read alongside the TRAC Guidance, and will provide institutions with “…greater assurance that their TRAC methods and output are robust and reasonable.”
The TRAC secretariat have asked that colleagues share the information with your HEI’s TRAC Oversight Group and other relevant colleagues as appropriate. All the information is on the HEFCE website, but if you have any questions, email the TRAC secretariat.
