The role of the Chief Finance Officer (CFO) occupies a critical position within the organisation including leading and directing financial strategy and operations, meeting the demands of accountable decision making and safeguarding the taxpayer's money. In a constantly changing environment it is important that the CFO has easy access to documentation that will support their continuing professional development.
This web page brings together relevant material and complements CIPFA's broader range of CPD support under three headings:
- Public sector context
- Technical knowledge
- Leadership and influencing
Public sector context and needs
Section 114 notice issued by Woking Borough Council
On Wednesday 7 June 2023, the Section 151 Officer and Interim Director of Finance issued Woking Borough Council with a Section 114 Notice in response to the unprecedented financial challenges facing the authority.
CIPFA Submission to the Levelling-Up Housing and Communities Committee Financial Reporting and Audit in Local Authorities - April 2023
This document provides insight into CIPFA’s position and is part of a wider contribution CIPFA is making to find solutions for this sector wide challenge.
Advisory note three: The importance of good governance, effective oversight and accountability of council-owned companies - March 2023
This advisory note formalises key messages from the CIPFA practice oversight panel on the crucial importance of good governance during the establishment and subsequent operation of council-owned companies.
The Non-Domestic Rating Bill - March 2023
A new bill introduced on 29 March will modernise the business rates system to incentivise property improvements and support more frequent revaluations.
Penn Report - March 2023
The report, by Richard Penn, highlighted concerns around council housing subsidiary Brick By Brick and the corporate blindness of the organisation.
Financial Policy Statement - December 2022
The DLUHC policy statement sets out the government’s intentions for the local government finance settlement for the next 2 years. It provides details on council tax business rates .core spending and reserves. CIPFA has responded.
Local government finance policy statement
Find a local public body’s audit report, National Audit Office - December 2022
This map tool map lets you explore where auditors have issued non-standard reports locally in the NHS and local government in England.
Find a local public body's audit report
Lessons from recent Public Interest Reports - September 2022
This new report considers the key themes from the latest set of interventions including Cultural issues and audit committee effectiveness.
Lessons from recent Public Interest Reports
Advisory note one: Understanding the challenge to local authority governance - May 2022
This note formalises key messages surrounding recent governance failures that have been identified in statutory and non-statutory reviews and public interest reports. It reinforces the good practice principles that local government bodies in the UK should adopt and signposts relevant documentation.
Advisory note one: Understanding the challenge to local authority governance
Local authority companies: the benefits and pitfalls - February 2022
This discussion with Nottingham City Council's Clive Heaphy and CIPFA CEO Rob Whiteman, considered the lessons learnt and how making the right choices about a company's structure, governance and finances and how to allow it to thrive while adding significant value to the communities it was designed to serve.
Lessons from recent Public Interest Reports - March 2021
This document pulls together lessons from PIR that are relevant for the sector as a whole. The audit reports are comprehensive and wide-ranging and a lesson for all local authorities.
Lessons from recent Public Interest Reports
Technical skills
LASAAC Common Good Fund Guidance
This guidance primarily considers the Common Good funds of local authorities in Scotland. Appendix 2 of this guidance covers further information relevant to the trust funds of local authorities in Scotland.
CIPFA Bulletin 14 Supplement - The Triennial Valuation and IAS 19 Reporting - May 2023
This supplementary guidance covers the impact of the triennial valuation statements received for pension funds on IAS 19 Employee Benefits Reporting. It effects the 2021/22 financial statements.
CIPFA Bulletin 14 Supplement - The Triennial Valuation and IAS 19 Reporting
CIPFA Bulletin 14: Closure of the 2022/23 Financial Statements - April 2023
CIPFA issues Bulletins to assist practitioners with the application of the requirements of the Code of Practice on Local Authority Accounting in the United Kingdom (the Code), the Service Reporting Code of Practice (SeRCOP) and the Prudential Code, and to provide advice on emerging or urgent accounting issues.
CIPFA Bulletin 14: Closure of the 2022/23 Financial Statements
Thematic Review of Non Investment Asset Valuation Consultation - March 2023
This Consultation Paper is to consult on changes that will affect Financial Reporting Manual (FReM) adaptations and interpretations of International Accounting Standard 16 Property Plant and Equipment (IAS 16) and adaptations of International Accounting Standard 38 Intangibles (IAS 38), in respect of the measurement of assets.
Thematic Review of Non Investment Asset Valuation Consultation
CIPFA Bulletin 13 Local Authority Reserves and Balances - March 2023
CIPFA Bulletin 13 Local Authority Reserves and Balances provides guidance to local authority chief finance officers in England, Northern Ireland, Scotland and Wales on the establishment and maintenance of local authority reserves and balances.
CIPFA Bulletin 13 Local Authority Reserves and Balances
Capital Risk Monitoring regime - February 2023
The slides from The Treasury management network are intended to raise awareness of the changes and future consultation from this element of the Levelling up and regeneration Bill.
Paper D Capital Risk Metrics slides
The CIPFA Bulletin 12: Accounting for Infrastructure Assets, Temporary Solution - January 2023
The CIPFA Bulletin 12 – Accounting for Infrastructure Assets – Temporary Solution covers the issues to be considered regarding the temporary solution for the accounting and reporting issues relating to infrastructure assets
CIPFA Bulletin 12 Accounting for Infrastructure Assets Temporary Solution
Update to the Code and Specifications for Future Codes for Infrastructure Assets - November 2022
The Update to the Code and Specifications for Future Codes for Infrastructure Assets (the Update) provides amended specifications on the disclosure on gross cost and accumulated depreciation for infrastructure assets. The Update allows local authorities temporary relief from disclosing gross cost and accumulated depreciation until 31 March 2025.
International Financial Reporting Standards (IFRS) based code
The CIPFA Bulletin 11: Accounting for Assets Owned by Religious Bodies and Used by Schools - October 2022
The CIPFA Bulletin 11 Accounting for Assets Owned by Religious Bodies and Used by Schools covers the issues to be considered regarding the accounting treatment of assets owned by religious bodies (church/trustees) for schools within the maintained sector.
CIPFA Bulletin 11 Accounting for Assets Owned by Religious Bodies and Used by Schools
The untapped potential of internal audit - May 2022
CIPFA's report on internal audit examines the untapped potential for the discipline in public services and how it can bring about valuable change
The untapped potential of internal audit
Consultations - May 2022
The CIPFA LASAAC Local Authority Code Board has announced an urgent consultation on temporary proposals to update of the Code of Practice on Local Authority Accounting in the United Kingdom for infrastructure assets.
Local government capital investment and borrowing: proposed measures to address risk - May 2022
Legislative measures to address excessive risk arising from local authority investment and borrowing, while supporting local freedoms for much needed investment.
Local government capital investment and borrowing: proposed measures to address risk
CIPFA Bulletin 10: Closure of the 2021/22 financial statements - April 2022
CIPFA's Accounting and Financial Reporting Forum issues CIPFA Bulletins to assist practitioners with the application of the requirements of the Code of Practice on Local Authority Accounting in the United Kingdom (the Code), the Service Reporting Code of Practice (SeRCOP) and the Prudential Code, and to provide advice on emerging or urgent accounting issues
CIPFA Bulletin 10: Closure of the 2021/22 financial statements
Leading and influencing
Exploring blockchain technologies for collaboration and partnerships
Blockchain technology can revolutionise collaboration and partnerships in the public sector via practical guidance and real-world case studies. This report cuts through the hype, highlighting the potential benefits and limitations of blockchain while providing a decision-making framework for successful implementation.
Exploring blockchain technologies for collaboration and partnerships
Advisory note two: The importance of section 151 officers in discussions and decisions concerning severance pay
This advisory note provides a high-level summary of the government guidance on severance pay and recommends a number of actions that a s151 officer may wish to consider.
Diversity equity and inclusion lighthouses Mckinsey Report - January 2023
Leaders need clarity on what works to improve diversity, equity and inclusion. Mckinsey's 2023 report shows success factors that contributed to sustainable DEI impact.
Diversity and inclusion lighthouses Mckinsey Report
PWC Women in Work Index - January 2023
PWC Report Women in Work Index shows progress towards gender equality at work across the OECD has been exceedingly slow over the last 10 years
Diversity Wins: How inclusion matters - May 2022
As this report shows, however, I&D is a powerful enabler of business performance. Companies whose leaders welcome diverse talents and include multiple perspectives are likely to emerge from the crisis stronger
Diversity Wins: How inclusion matters
CIPFA Mental Health and Wellbeing Hub - January 2022
CIPFA's Mental Health and Wellbeing Hub is a free online resource for anyone that needs help, information or support