Local Government Finance Practitioners Technical Update

Training

Event summary

CIPFA’s ‘Practitioner Update’ seminars are intended to assist finance practitioners and managers across Scotland, providing information on the latest accounting and finance developments.

Date

15 March 2018
Starts: 09:55
Ends: 16:25

Location

CIPFA Scotland
160 Dundee Street
Edinburgh
EH11 1DQ
[See map]

Standard price

£249.00 excl VAT

Book now

About this event

This seminar is planned to provide delegates with a basis for, and context to, the financial and accounting environment for Scottish local government. A reminder of the requirements of the 2017/18 Accounting Code of Practice will be followed by commentary from Audit Scotland, including audit areas of interest for the financial year end.

There are of course a wide variety of factors affecting Scottish local authorities and the day will continue by considering some key topical issues:

  • The changes to the Treasury Management Code and Prudential Code, followed by a treasury advisor’s perspective on the changes and the future outlook.
  • The importance of information security and the new GDPR requirements, from an internal audit perspective.
  • The risks arising from procurement arrangements, and some potential approaches to manage them.
  • The implementation of the Social Security (Scotland) Bill.

The day will finish with a Technical Update providing an overview of the latest developments and news of which to be aware.

Who will benefit

Finance practitioners in local government and integration authorities will all benefit from the combination of technical information and information updates.

Programme

09:30 – 09:55 Coffee and Registration 

09:55 – 10:00 Introduction by Chair  

10:00 – 10:45 Accounting Code of Practice and Guidance Notes 2017/18

A review of the changes to the Code Of Practice requirements for 2017/18 to ensure that practitioners are fully informed and prepared. A brief look at the requirements for 2018/19 will also be included.

10:45 – 11:35 Audit Scotland: Overview and 2017/18 Audit Areas

Audit Scotland commentary and expectations are cornerstones of the Scottish local government finance environment. In this session key Audit Scotland insights into aspects affecting Scottish local government will be affected along with reference to the main issues arising for the 2017/18 annual accounts process.

11:35 – 11:55 Refreshment Break

11:55 – 12:20 The Prudential Code and Treasury Management Code

The revised Prudential Code and Treasury Management Code publications have introduced a number of changes which will affect local government finance practitioners. This session will outline the new requirements and the underlying objective of the changes. 

12:20 – 13:00 Treasury Management – An Advisor’s Perspective

Having considered the technical requirements of the Prudential and Treasury Management Codes, a treasury advisor will outline their perspective of the implications for authorities. Additionally a wider view of what the future may hold in store for Scottish authorities, particularly affecting their borrowing and investment strategies, will be considered. 

13:00 – 13:40 Lunch

13:40 – 14:10 GDPR & Information Security – An Internal Audit View

The General Data Protection Regulations are due for implementation and there are increasing concerns about information security. The threats from ransomware attacks and other risks regarding information security will be considered from an Internal Audit Viewpoint

14:10 – 14:40 The Procurement Chain – The Financial Consequences of Failure

With the financial failure of Carillion fresh in the collective memory, a procurement expert will provide an insight into the risks that should be considered in procuring goods or services. Possible management and contractual approaches to managing these risks, and the potential financial implications of procurement chain collapse will be considered.

14:40 – 15:10 The Scottish Approach to Social Security

With the Social Security (Scotland) Bill currently progressing through the Scottish Parliament this session will provide a timely review of the proposals. The Scottish Government’s approach to social security, and the potential impact on and role of Scottish local government in this, will be outlined.  

15:10 – 15:30 Refreshment Break 

15:30 – 15:55 Technical Update 

The latest news and developments affecting the Scottish public sector accounting and finance environment, updates from CIPFA, and other relevant information.

15:55 – 16:00 Chair’s Summing Up and Close

We reserve the right to alter the timing or content of sessions where circumstances require.

Topics

  • Financial management
  • / Financial reporting
  • / Performance improvement and policy