Statement of recommended practice: accounting for further and higher education

Last updated on Tuesday 13 Jan 2026 at 5:18pm

Statements of Recommended Practice (SORPs) set out current best accounting practice for specialised industries or sectors. The Further and Higher Education SORP combines the requirements of institutions of both further and higher education in the UK.

SORP

Statements of Recommended Practice (SORPs) set out current best accounting practice for specialised industries or sectors. The Further and Higher Education SORP combines the requirements of institutions of both further and higher education in the UK.

The FEHE SORP reflects the collaboration between further and higher education and regulatory bodies, sector representative bodies, and accounting practitioners. These key stakeholders are represented on the FEHE SORP Board, which is the SORP-making body recognised by the FRC for the purpose of producing the SORP. SORP-making bodies have a responsibility to act in the public interest when developing, maintaining and issuing SORPs.

With technical direction from the Financial Reporting Group (a standing group of the FEHE SORP Board), BUFDG leads on the operational and technical development of the SORP and ensures sector-wide engagement. Universities UK provides secretarial support to the FEHE SORP Board, and is the publisher of the FEHE SORP and additional guidance materials. If you would like to know more about the SORP 2026 project, please contact [email protected].

2026 SORP edition

The most recent 2026 FEHE SORP, based on the 2024 FRS 102 standard, was published on 3 November 2025, following approval by the Financial Reporting Council (FRC). It applies to financial periods beginning on or after 1 January 2026.