The Covid-19 pandemic is likely to have a long-lasting impact on governance and financial management in public bodies – Sarah Sheen looks at the issues.
Many of the recommendations in the Redmond Review can be carried out in the short-term without the need for new legislation, Sir Tony Redmond has told the PF Live conference.
Now is the time to reset current economic frameworks and consider what fiscal rules will guide government decision-making during the Covid-19 recovery phase, says Alex Metcalfe.
The Financial Reporting Advisory Board has considered options to report financial positions while maintaining accountability, writes CIPFA’s Don Peebles.
CIPFA is concerned that regulators' refusals to radically simplify the 2019-20 Accounting Code will put public finance professionals under huge pressure and impact 2021-22 budgeting.
Coronavirus disruption has led officials to push back the deadline for NHS accounts, and delay the implementation of an IFRS accounting standard for a year.
Joint chair of the charities SORP committee Nigel Davies makes a plea for help in co-developing the statement of recommended practice and making it the best it can be.
The ambitious IFR4NPO initiative will offer the first-ever international financial reporting guidance for the non-profit sector, writes Ian Carruthers.
Focusing on residents as the primary users of local authority accounts can bring transparency and clarity and drive better decision-making, says Newham council’s Conrad Hall.
Analysis by the Charity Commission for England and Wales has found that 135 out of a sample of 296 charities failed to meet its external scrutiny benchmark in their financial reporting.
It is becoming increasingly important to account for assets and liabilities in the public sector because of the rise of commercialisation, the spending watchdog has said.
The International Public Sector Accounting Standards Board has reached a “major milestone”, approving the standard on accounting for social benefits after 16 years of discussion.
Councils have been granted a statutory override on accounting changes to pooled investments for five years, despite most stakeholders opposing a time-limited period.
Almost two thirds of governments around the world will shift to accrual-based accounting within the next five years, CIPFA and the International Federation of Accountants have predicted.
Although most countries are united in the desire to shift to accrual accounting, many fail in their aim. But there are some simple ways to keep the process on track, says international public...
