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...
Local government must transform, innovate and work together to cope with the pressures of increased need for services with less central funding, according to two major accounting bodies.
MPs have slammed the government for its slowness in responding to a call for more transparent public spending and its apparent lack of commitment to scrutiny.
The Ministry of Housing, Communities and Local Government is planning to consult on a statutory override to aspects of a new accounting rule intended to improve the financial reporting of investments.
Councils are having to be bold and brave in how they deliver services. The new prudential code addresses the cumulative risk inherent in this, says CIPFA's Jo Pitt.
