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The Higher Education Funding Council for England (HEFCE) is responsible for monitoring the financial health of those higher education institutions it funds through an accountability framework. This framework includes an annual process which assesses the financial health and risks facing all institutions. At the same time, HEFCE undertakes data audit work which at London Metropolitan University has found that £36.5 million of funding was incorrectly claimed over a three year period. All of this money is being repaid by the university over an agreed five year repayment period.