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This board is responsible for preparing, maintaining, developing and issuing the Code of Practice on Local Authority Accounting for the United Kingdom.
From 2010/11 onwards, the Code has been based on International Financial Reporting Standards.
The board is a partnership between CIPFA (England, Northern Ireland and Wales) and the Local Authority (Scotland) Accounts Advisory Committee (LASAAC).
Contact Sarah Sheen with any queries about CIPFA/LASAAC.
Find out more by reading the CIPFA/LASAAC Terms of Reference and the sub-pages listed below:
Code of Practice on Local Authority Accounting in the United Kingdom: Consultation on IFRS 16 Leases
Cipfa/Lasaac has issued a consultation which closes on 7 September 2018
Code of Practice Consultation on 2019/20 IFRS 16 Leases Proposals
CIPFA/LASAAC Clarification statement on contracts with LOBO clauses.
CIPFA/LASAAC has issued the following statement on 15 May 2018:
Clarification statement on contracts with LOBO clauses (PDF, 402KB)
Post Implementation Reviews
CIPFA/LASAAC has issued a call for evidence for its post implementation review of the sections of the Code relating to Employee Benefits, Service Concessions and Group Accounts Provisions.
CIPFA/LASAAAC is seeking a new local authority accounts preparer member – contact the CIPFA/LASAAC Secretary for further details.
CIPFA/LASAAC has issued the following statement on 13 November 2017:
CIPFA/LASAAC Statement on the Adoption of IFRS 9 Financial Instruments (PDF, 66.8KB)
CIPFA/LASAAC has issued the following important statement on 10 March 2017:
Statement from CIPFA/LASAAC Local Authority Code Board on the Measurement of the Highways Network Asset (PDF, 212KB)
Alison Scott, former Head of Standards and Financial Reporting at CIPFA, published How to Make a Code of Practice in Public Finance on 28 March 2017.
The Chair of CIPFA/LASAAC, Lynn Pamment, and the Secretary, Sarah Sheen, published Council Accounting: A Shift from Rules to Principles in Public Finance.
Alison Scott, former Head of Standards and Financial Reporting at CIPFA, published Accounts Should Be of Interest to Local Taxpayers in the 4 June 2015 issue of Municipal Journal.