Fresh criticism of Spelthorne Council raises the question of what “good” controls look like when negotiating a property deal. Spelthorne Council’s continuing debacle over property investments resulted this month in[…]
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[…]
Croydon is the latest local authority to issue a section 114 notice. Experts Dan Bates and Christian Wall look at the trends underlying the council’s woes. Christian Wall Croydon’s section[…]
Alison Ring FCA, director for public sector at ICAEW, believes that the Redmond Review provides an opportunity to fix the real issue with local authority accounts, which is that few[…]
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[…]
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[…]
The regulator’s efforts to upgrade audit is “piling up wreckage” in local government, according to Stephen Sheen.
While speculation is rife that the pandemic has pushed some local authorities close to issuing section 114 notices, new guidance from CIPFA aims to encourage more contact with central government.[…]
A recent report underlined the importance of closing a PFI contract effectively. Helen Randall navigates the intricacies and pitfalls. Does your authority have a Private Finance Initiative (PFI) deal which[…]
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[…]
