Risks and weaknesses in financial systems, such as procurement authorisations, payroll and credit card payments were identified by EFA Audit - the governing body has since appointed key personnel, including the appointment of an RO (Responsible Officer), and is in the process of stabilising procedures to enable effective financial management.*
It seems to me that, if there were real problems in current financial management at the school, they would have been mentioned? More to the point, the school was seeking the Council's help and advice and, had Cllr Berry been doing something other than trying to get selected as a Labour parliamentary candidate, he might have noticed! It's clear that the school had some financial management problems that have been addressed - there is no suggestion of wrongdoing.
To suggest that the school isn't accountable - as Cllr Berry did more than once through his Twitter account - is a complete misrepresentation of the situation at the school. And - more to the point - the Council appears to have known about the position all along!
*Quote is from a governance audit conducted by the Council in September.