CIPFA in Northern Ireland

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IFRS

Have you considered the implications of this major change for your council?

From April 2010, district councils in Northern Ireland will be required to prepare their accounts in line with International Financial Reporting Standards (IFRS); that time is fast approaching.

Do you have the resources needed to respond to the challenge?

The implementation of IFRS can involve a number of functions within the council and it will require a co-ordinated and planned approach to be successful.

If you have not considered the impact of IFRS, then you need to do so now!

CIPFA Northern Ireland is offering a unique range of services to help you make the transition to IFRS successfully and embed the changes in your organisation.

This service is tailored to district councils and will support and guide you through the complete IFRS conversion process. You can access basic, intermediate or full transition support, depending on your organisation’s needs:

The Benefits

Local councils that have already engaged with us have saved significant time and money, and are set to achieve a smooth and timely transition to the new standards.

CIPFA Northern Ireland has unrivalled IFRS knowledge and experience. Working with us provides you with a range of unique benefits:

An initial assessment of the impact to your council, providing a controlled project process to ensure a successful implementation
An understanding of how the new reporting standards will impact on your organisation’s wider systems and processes
A strong working relationship with local government auditors to agree and discuss key technical issues
The extra resource you need to drive the transition through in a cost effective way
Transfer of appropriate knowledge to your staff
Access to a pool of highly experienced CIPFA staff and associates in local government accounting

Our Experience

CIPFA is recognised as the leading expert in the area of public finance and has unrivalled expertise in the local government sector
First hand experience of IFRS implementation in local and central government in Scotland, England and Wales
Direct access to the experts that wrote the Code of Practice within CIPFA
Experience of local issues through our delivery off the Department of the Environment's IFRS Implementation contract and the provision of support to councils through the Technical Accounting Support Service (TASS)

Further Information

To find out more on IFRS transition support, please contact Alan Bermingham on 028 9026 1651 or via e-mail at alan.bermingham@cipfa.org.uk