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CIPFA and the Local Authority Scotland Accounts Advisory Committee (LASAAC) have announced another “urgent consultation” to consider proposals to address the latest issue that has led to significant delays to[…]
Treasury managers attending Room151’s latest Monthly Online Treasury Briefing (MOTB) have strongly indicated that the liability benchmark should be a voluntary rather than a mandatory tool. It is now mandatory[…]
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[…]
Further delays to the audits of 2020/21 local authority accounts have been attributed to issues over the valuation of infrastructure assets that are affecting a significant number of upper-tier councils.[…]
The chair of the CIPFA/LASAAC Code Board reflects on the decision to delay implementation of IFRS 16 and suggests that now is the time to address anomalies in the application[…]
Graham Liddell wonders whether the crisis in local audit is being used as a smokescreen to avoid addressing issues with local authority accounting. In April 2017, the Commons Public Administration[…]
CIPFA and the Local Authority Scotland Accounts Advisory Committee (LASAAC) have proposed that implementation of IFRS 16 be delayed following the “exceptional consultation” on updates to the code of practice[…]
Alison Ring writes that bringing leases onto the balance sheet from 1 April provides council finance teams with a real “opportunity” to help councillors better understand the scale and scope[…]
The message that local authority finance teams need bolstering seems to be winning a hearing, writes Alison Ring, while reform of local authority financial reporting and audit gathers pace. For[…]
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[…]
