• Home
  • About
  • Subscribe
  • LATIF
  • Conferences
  • Dashboard
  • Edit My Profile
  • Log In
  • Logout
  • Register
  • Edit this post

Room 151

  • 151 BRIEF

    What's New?

  • LGA calls for government support as regulators face staffing issues

    May 19, 2022

  • WMCA signs £4bn investment agreement with L&G

    May 18, 2022

  • Bill will give UK Infrastructure Bank power to lend directly to councils

    May 18, 2022

  • £400bn pension group collaborates on climate transition initiative

    May 17, 2022

  • CIPFA rejects proposal for vote on publication of fraud hub report

    May 17, 2022

  • John Turnbull elected president of the SLT

    May 12, 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

Technical

  • 0
    • in 151 News · Audit · Technical
    • — 13 May, 2022

    ‘Urgent consultation’ issued in response to continuing audit delays

    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[…]

    Read more
    0
    • in 151 News · Technical · Treasury
    • — 29 Apr, 2022

    Liability benchmark ‘should not be mandatory’

    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[…]

    Read more
  • 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 151 News · Audit · Infrastructure · Technical
    • — 26 Apr, 2022

    ‘Major issue’ leading to delays in signing off council accounts

    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.[…]

    Read more
  • 0
    • in Audit · Blogs · Technical
    • — 20 Apr, 2022

    ‘We need to shift the focus of local authority accounting’

    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[…]

    Read more
    0
    • in Audit · Blogs · Technical
    • — 28 Mar, 2022

    Local authority accounts: embrace the complexity

    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[…]

    Read more
  • 0
    • in 151 News · Audit · Technical
    • — 18 Mar, 2022

    Delay to IFRS 16 agreed by ‘narrowest possible margin’

    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[…]

    Read more
    0
    • in Blogs · Technical
    • — 25 Jan, 2022

    IFRS 16: A lot of effort, but a great opportunity too

    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[…]

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

    Reasons to be cheerful in a time of major change for local government finance

    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[…]

    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
  • Next Page »
  • Register to become a Room151 user

  • Latest tweets

    Room151 18 hours ago

    Treasury to restrict PWLB loans to councils at risk of non-repayment: The Treasury has released new guidance that restricts local authorities’ access to Public Works Loan Board (PWLB) advances if there is a “more than negligible risk” of a council’s… dlvr.it/SQhLTV pic.twitter.com/vBsS7xMJdb

    Room151 18 hours ago

    Mixed reaction to proposed government intervention powers: There has been a mixed reaction to the government’s legislative plans to strengthen its intervention powers over local authority finances. The Levelling Up and Regeneration Bill has proposed… dlvr.it/SQhLMB pic.twitter.com/50foWxpPGs

    Room151 19 hours ago

    Post-Brexit struggles for national and local government regulators. @LGAcomms @NAOorguk Click the link below to read 🔻🔻 room151.co.uk/brief/lga-call… #Brexit #government pic.twitter.com/s3c8ySGy5G

    Room151 24 hours ago

    CIPFA: a question of transparency: Roman Haluszczak’s campaign for publication of the independent report into the collapse of CIPFA’s London Counter Fraud Hub has been rejected again by the institute. He is now calling for[...] dlvr.it/SQgC5V pic.twitter.com/08fWsHFF4g

    Room151 2 days ago

    Back to the future for the PWLB: The Public Works Loan Board is tightening its lending criteria to ensure that loans will be repaid by local government borrowers. But, asks Peter Findlay, shouldn’t they have been doing[...] dlvr.it/SQcmmm pic.twitter.com/bVv4fe0Xlv

    Room151 2 days ago

    Great piece from Peter Findlay on the PWLB’s tightening of its lending criteria. He raises some pointed questions for the Treasury and explains why the ‘casino council’ characterisation was simplistic and inaccurate. #PWLB #localgov room151.co.uk/treasury/back-…

    Room151 2 days ago

    The Queen's speech highlighted the need for accelerating UK infrastructure investment into levelling up projects and cutting emissions. @UKInfraBank #QueensSpeech #ClimateAction #emissions Click the link below to read 🔻🔻 room151.co.uk/brief/bill-wil… pic.twitter.com/hFmF2veVIa

    Room151 2 days ago

    Huge funding heading to the @WestMids_CA from @landg. @andy4wm #LevellingUp #netzero #regeneration Click the link below to read 🔻🔻 room151.co.uk/brief/wmca-sig… pic.twitter.com/ajhZhia6mx

    Room151 2 days ago

    LGPS governance, Cagney and Lacey style: What regulatory response can be expected following the publication of the Good Governance project’s Phase 3 report and the closure of the Single Code of Practice consultation? Susan Black offers[...] dlvr.it/SQbfXf pic.twitter.com/xwqHOEu2AP

    Room151 3 days ago

    More evidence of the importance of emerging markets in the journey to net-zero. @BordertoCoast @BrunelPP @northernlgps @EAPensionFund @WYPF_LGPS Click the link below to read 🔻🔻 #LGPS #NetZero #NetZeroCarbon #EmergingMarkets room151.co.uk/brief/400bn-pe… pic.twitter.com/qCm0EGxzLn

    Room151 1 week ago

    ‘Urgent consultation’ issued in response to continuing audit delays: 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… dlvr.it/SQJ0kV pic.twitter.com/s6vw0bnGXO

    Room151 1 week ago

    Bags of capacity – now to housing delivery: HRAs have been freed up and councils are starting to invest, but some remain cautious, writes Steve Partridge. He suggests that a minimum of £10bn of additional borrowing could be[...] dlvr.it/SQDvxk pic.twitter.com/yZmoWzHv6U

    Room151 1 week ago

    Bags of capacity – now to housing delivery room151.co.uk/treasury/bags-…

  • Categories

    • 151 News
    • Agent 151
    • Audit
    • Blogs
    • Business rates
    • Chris Buss
    • Cllr John Clancy
    • Council tax
    • Dan Bates
    • David Crum
    • David Green
    • Development
    • Education
    • Forum
    • Funding
    • Governance
    • Graham Liddell
    • Housing
    • Ian O'Donnell
    • Infrastructure
    • Interviews
    • Jackie Shute
    • James Bevan
    • Jobs
    • Levelling up
    • LGPS
    • Mark Finnegan
    • Net Zero
    • Private markets
    • Recent Posts
    • Regulation
    • Resources
    • Responsible investing
    • Richard Harbord
    • Risk management
    • Social care
    • Stephen Fitzgerald
    • Stephen Sheen
    • Steve Bishop
    • Technical
    • Transport
    • Treasury
    • Uncategorized
    • William Bourne
  • Archives

    • 2022
    • 2021
    • 2020
    • 2019
    • 2018
    • 2017
    • 2016
    • 2015
    • 2014
    • 2013
    • 2012
    • 2011

© Copyright 2022 Room 151. Typegrid Theme by WPBandit.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies from this website.OK