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Room 151

  • 151 BRIEF

    What's New?

  • Slough welcomes commitment that Office for Local Government ‘will not be a burden’

    June 30, 2022

  • Homes England agrees strategic partnership with two authorities

    June 29, 2022

  • Soaring inflation and pay pressures to add £3.6bn to council budgets

    June 28, 2022

  • Underfunded social care reforms could ‘exacerbate workforce pressures’

    June 27, 2022

  • Nottingham City Council leader labels proposed intervention as ‘disappointing’

    June 27, 2022

  • Government preparing to intervene in Nottingham City Council

    June 23, 2022

  • Treasury
  • Technical
  • Funding
  • Resources
  • LGPS
  • Development
  • 151 News
  • Blogs
    • David Green
    • Agent 151
    • Dan Bates
    • Richard Harbord
    • Stephen Sheen
    • James Bevan
    • Steve Bishop
    • Cllr John Clancy
    • David Crum
    • Graham Liddell
    • Ian O’Donnell
    • Jackie Shute
  • Interviews
  • Briefs

Author: Stephen Sheen

  • 0
    • in Audit · Blogs · Technical
    • — 28 Apr, 2022

    Why infrastructure assets are the ugly ducklings of capital accounting

    Stephen Sheen offers an avian analysis of how to resolve the current local audit delays caused by a “major” issue involving infrastructure assets. Some of you may be struggling to[…]

    Read more
    0
    • in Housing · Treasury
    • — 2 Mar, 2022

    How much MRP is enough?

    Local government finance departments are trying to identify what is a prudent amount of Minimum Revenue Provision. Stephen Sheen gives some guidance. For something that is now more than 30[…]

    Read more
  • 0
    • in Audit · Blogs · Funding · Technical
    • — 14 Dec, 2021

    2022 is the year for confronting ‘chaos’ in audit and accounting

    Stephen Sheen looks back over the past 12 months and reveals how it should guide regulators in the New Year. I have just looked back at the article I wrote[…]

    Read more
    1
    • in Blogs · Stephen Sheen · Technical
    • — 1 Sep, 2021

    Crisis in local audit unlikely to be solved by coming reforms

    Local authority audit is changing but, Stephen Sheen argues, 100% private sector provision is unlikely to be “viable” while the underlying problem is difficulty recruiting for “soul destroying” work. At[…]

    Read more
  • 0
    • in Blogs · Stephen Sheen · Technical
    • — 27 Jan, 2021

    Stephen Sheen: Audit predictions 2021

    Coping with low morale, IFRS 16, standardised statements and an audit process he describes as a “mess” are the promised highlights of the coming year. It seems premature to look[…]

    Read more
    0
    • in Blogs · Stephen Sheen · Technical
    • — 6 Nov, 2020

    Stephen Sheen: FRC report fails to confront ‘mess’ in local government audit

    The Financial Reporting Council has delivered its verdict on council audits but, writes Stephen Sheen, it falls short of recognising the “unique nature of local authority accounts”. Although the Financial[…]

    Read more
  • 0
    • in Stephen Sheen · Technical
    • — 15 Sep, 2020

    Stephen Sheen: The Redmond Review fails to address key issues

    The Redmond Review has made a series of recommendations for improving local government audit. Stephen Sheen argues it leaves many questions unaswered. The report of the Redmond Review into the[…]

    Read more
    0
    • in Blogs · Stephen Sheen · Technical
    • — 18 Aug, 2020

    Stephen Sheen: Audits worsen as watchdog demands improvement

    The regulator’s efforts to upgrade audit is “piling up wreckage” in local government, according to Stephen Sheen.

    Read more
  • 0
    • in Blogs · Stephen Sheen · Technical
    • — 15 Apr, 2020

    Stephen Sheen: Accounts simplification isn’t happening. What next?

    An effort to reduce the accounts preparation burden on local authorities in the midst of coping with the Covid-19 crisis was recently abandoned. Stephen Sheen looks at the implications. This[…]

    Read more
    Audit: 2019 was a bust, let’s hope it gets better 1
    • in Blogs · Stephen Sheen
    • — 20 Dec, 2019

    Audit: 2019 was a bust, let’s hope it gets better

    Local government audit failed to reach optimum performance levels this year: Deadlines were missed and key staff lost. Things will need to improve in 2020, says Stephen Sheen Well, that[…]

    Read more
  • Next Page »
  • 151 BRIEFS – WHAT’s NEW?

    • Homes England agrees strategic partnership with two authorities
    • Soaring inflation and pay pressures to add £3.6bn to council budgets
    • Underfunded social care reforms could ‘exacerbate workforce pressures’
    • Nottingham City Council leader labels proposed intervention as ‘disappointing’
    • Government preparing to intervene in Nottingham City Council
  • Room151’s LGPS Roundtables

    Biodiversity
    Valuations & Risk
    LGPS Women

  • Room151’s LGPS Roundtables

    Biodiversity
    LGPS Women
    Valuations & Risk
  • Latest tweets

    Room151 6 hours ago

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    Room151 6 hours ago

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    Room151 2 days ago

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    Room151 2 days ago

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    Room151 6 days ago

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    Room151 1 week ago

    Slough Council approves plans to restructure finance department: Slough Borough Council has approved plans to restructure its finance department to enhance capacity and capability and to address a “significant weakness” in the function. The local… dlvr.it/SSf8DG pic.twitter.com/l5lmyHmkBg

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