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Higher Education (HE) Institutions must make many and varied data returns. Accurate, complete and current data reported through statutory returns:
·drives institutions’ reputations and league table positions
·supports students and other stakeholders in their decision making
·helps institutions themselves to make sound business decisions
·ensures accountability for funding received.
HEFCE’s Financial Memorandum requires institutional Audit Committees to provide opinions on the management and quality assurance of data provided to HEFCE, the Student Loans Company (SLC), the Higher Education Statistics Agency (HESA) and other public bodies.