The government has issued a single consultation paper on the Prudential Framework, proposing changes to two key documents: the statutory guidance provisions for local authority investments and for minimum revenue[…]
IFRS 9: “If you meet someone who claims grandly to have read it all and understood it, this is not the sort of person to trust with either your fidget[…]
Auditors issue threats of qualification based on dogmatic demands but often their objections can be managed with a little push-back. Since I stopped being an external auditor five years ago,[…]
Auditors might appear to be upping their action against struggling local authorities, but Stephen Sheen argues there’s little incentive to do anything beyond writing to suggest a council puts its financial[…]
It’s a busy year in prospect for audit and accounting. Stephen Sheen works through a schedule that includes auditor appointments, the new accelerated closedown, expenditure and funding analysis, highways and[…]
In a January article I wrote about the desirability generally for reviewing an authority’s policy for Minimum Revenue Provision (MRP). The mushrooming of interest in borrowing to invest, or lend,[…]
Amidst all the clamour of the recent referendum, one thing was strangely missing from the debate, particularly for those of us who keep banging on about it outside of such[…]
Let’s talk materialism and the financial statements. Is your financial position a construct of “matter” that can only truly be known through the senses? Are you a child of Democritus[…]
Local authorities have big decisions to make about their auditors and auditor panels need to start the work of finding audit candidates in their areas. Local audit has taken a step[…]
In the list of possible areas for revenue savings, an MRP (minimum revenue provision) review should be close to the top of the list, with its potential to make a[…]
