Latest News
Best Value Accounting Code of Practice 2011/12 - Consultation
LAAP has recently issued a consultation regarding BVACOP 2011/12. The consultation covers the proposed amendments to the definition of ‘Total Cost’ and to the Service Expenditure Analysis for England and Wales. More...
Technical Enquiry Service
The Technical Enquiry Service (TES) has noticed an increasing trend of queries being submitted from non-CIFPA members due to recent substantial changes to the SORP and the introduction of the IFRS-based Code. We have answered those queries on a case-by-case basis but we will now be returning to only answering queries from qualified members and registered CIPFA students in order to focus on providing them with an accurate and efficient service. More...
Code of Practice on Local Authority Accounting 2011/12 - Invitation to Comment
The CIPFA/LASAAC Local Authority Code Board has released, subject to confirmation by LASAAC, the 2011/12 Code Exposure Draft and Invitation to Comment for public consultation. The 2011/12 Code will apply to accounting periods starting on or after 1 April 2011. Learn more...
LAAP 86 - Component Accounting
This new bulletin discusses the requirements under the IFRS based Code of Practice on Local Authority Accounting, for the separate recognition, depreciation and derecognition of parts of assets (often referred to as ‘componentisation’) under International Accounting Standard 16 - Property, Plant & Equipment. Click here to download the bulletin in full.
Vacancy for new Vice Chair for LAAP Panel
CIPFA’s Local Authority Accounting Panel is seeking a new vice-chair. Could you help local authority accountants to successfully meet the many challenges they face over next few years? Click here to read more about the role.
Statement on the Role of the CFO in Local Government
The Statement on the Role of the CFO in Local Government describes the role and responsibilities of CFOs in Local Government. It builds heavily on CIPFA’s Statement on the Role of The CFO in Public Services and applies the principles and roles set out in that document to Local Government. Click here to download the Statement in full.
Councils should explain arrangements for safeguarding public money, say CIPFA and SOLACE
CIPFA and SOLACE have developed guidance for councils on safeguarding public money. Published as an addendum to the widely used CIPFA /SOLACE Governance Framework Delivering Good Governance in Local Government, the guidance emphasises that councils should have a Chief Financial Officer (CFO) in the senior management team, or explain how their alternative arrangements assure an equivalent impact in terms of good financial management and sound stewardship of public money. The addendum An Application Note to Delivering Good Governance in Local Government can be found here.
The guidance builds on the Statement on the role of the Chief Financial Officer in Local Government published by CIPFA. The Statement recommends that the CFO should be a member of the leadership team, with a status at least equivalent to other members. It sets out the key features of the role that CIPFA expects the CFO to play as well as outlining the skills and personal attributes required for successful performance.
Sharing the Gain: Collaborating for Cost Effectiveness
Report available for download
This ‘how-to’ guide has been written to help public service bodies to take advantage of collaborative working opportunities and reduce their costs. For more details, please click here.
