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The Chartered Institute of Public Finance and Accountancy is seeking to identify the barriers to the public accessing and understanding local authority accounts. The body has launched a consultation in[…]
A review of local government audit announced by the government this week will consider new measures to give the public better access to financial information produced by section 151 officers.[…]
CIPFA has amended its draft Financial Management Code for local authorities to give commercial activity greater prominence. The body has amended the proposals to recognise the importance of commercial activity[…]
Credit rating agency Moody’s has upgraded Lancashire County Council’s financial outlook from “negative” to “stable”, citing the authority’s progress in reducing its four-year cumulative savings target by two-thirds. While the[…]
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[…]
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[…]
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[…]
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[…]
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.[…]
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[…]
