Note that this consultation is now closed
CIPFA’s Local Authority Accounting Panel is now consulting on the 2015/16 CIPFA Service Reporting Code of Practice (SeRCOP) that will apply to accounting periods commencing on 1 April 2015. This is the sixth edition of SeRCOP (and its predecessor, BVACOP) to be prepared under IFRS.
The proposed changes to the Service Expenditure Analysis for England and Wales, detailed in the documents downloadable below, are required to reflect organisational and operational changes to services within authorities.
In summary, the main proposed changes to the SEA section of SeRCOP for England and Wales are as follows:
We also welcome any other comments you have on the SeRCOP SEA.
The NON-SEA section of SeRCOP -The Definition of Total Cost introduces proposed changes to reflect the five new or amended standards introduced by the IASB in May 2011 ie:
Download Consultation 2015/16 SeRCOP
Download Service Expenditure Analysis for England and Wales 2015/16
Download Definition of Total Cost 2015/16
The SEA sections for Scotland and Northern Ireland are overseen by LASAAC and the Best Value Steering Group for Northern Ireland respectively.