Liverpool to reopen housing revenue account
Liverpool City Council is set to reopen its housing revenue account to build new council homes – 11 years after it transferred its remaining stock to a registered provider. In[…]
Technical
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Graeme Muir: exciting times for actuaries predicted
Pensions are supposed to be boring – public sector pensions even more so. Actuaries are only supposed to get excited very occasionally and when they do, it’s often hard to[…]
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Stephen Sheen: Public interest in Prudential Framework has provided a worrying wobble
When the Prudential Code was being developed, there was no expectation that it was going to be a document that was going to change the world. Its function was largely[…]
CIPFA FM code to seek greater assurance and transparency
Joanne Pitt argues that a recent nod to the nascent Financial Management Code from the Public Accounts Committee bodes well for the initiative’s development. It’s a little bit unusual to[…]
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Birmingham CFO rules out issuing section 114 notice over accounts error
Birmingham City Council’s section 151 officer has decided against issuing a section 114 notice after an investigation discovered waste collection spending was illegally charged to the council’s housing revenue account.[…]
Council auditors ‘should not be allowed to provide advisory services’
Audit firms should be banned from carrying out consultancy services, according to a report of MPs. The Business, Energy and Industrial Strategy Committee this week released a report into the[…]
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MHCLG ‘concerned’ over councils’ investment code compliance
Some councils are failing to comply with revised investment code requirements on proportionality and minimum revenue provision (MRP), according to a senior government official. Speaking to a session at Room151’s[…]
Wake up and smell the coffee: IFRS 16 is a major change
Councils who think they won’t be subject to new accounting rules on leases are in for a rude awakening, says David Green. One of the first things anyone analysing financial[…]
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Below par: public sector audit in crisis
Have downward cost pressures hit the quality of local government auditing? Mike Allen looks for clues in a recent report by the National Audit Office. The public sector auditing landscape[…]
Delays cause Northampton audit bill to balloon
Northampton Borough Council faces a large bill caused by delays to audit work on its 2016/17 accounts, which are still not formally signed off and contain an adverse value for[…]
