IFRS-based Code

Find out more about the Code of Practice on Local Authority Accounting in the United Kingdom (the Code), prepared by the CIPFA/LASAAC Local Authority Code Board (CIPFA/LASAAC).

Local authorities in the United Kingdom are required to keep their accounts in accordance with ‘proper practices’. This is defined, for the purposes of local government legislation, as meaning compliance with the terms of the Code of Practice on Local Authority Accounting in the United Kingdom.

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The Code specifies the principles and practices of accounting required to prepare a Statement of Accounts that gives a true and fair view of the financial position and transactions of a local authority.

The Code is reviewed continually and is normally updated annually. The 2016/17 Code has been developed by the CIPFA/LASAAC Local Authority Code Board and has effect for financial years commencing on or after 1 April 2016.

Following a consultation in July to October 2015, CIPFA/LASAAC issued the 2016/17 Code.

Purchase the Code of Practice on Local Authority Accounting in the United Kingdom 2016/17

2016/17 Code – Code of Practice on Local Authority Accounting in the United Kingdom

CIPFA/LASAAC has also issued informal comments on the amendments to the Code following the consultation process. Please note that this informal commentary does not form any part of the 2016/17 Code.

Technical Information Note 16 (01) – The Code of Practice on Local Authority Accounting in the United Kingdom (the Code); Informal Commentary on the Amendments to the 2016/17 Code following consultation (PDF, 176 KB)

Governance framework to the Code

Under its governance framework, CIPFA/LASAAC remains the accounting standard setter for local authorities. The Code also continues to be the authoritative source of accounting guidance for local authorities across the UK.

Download the CIPFA/LASAAC Constitution for the Board's terms of reference. The Financial Reporting Advisory Board (FRAB) and the Memorandum of Understanding between FRAB bodies can be found on HM Treasury’s website.