Responding to COVID-19: insight, support and guidance
LASAAC has provided guidance on the application of the accounting requirements for asset decommissioning obligations. LASAAC's work indicated that there would be potentially significant funding implications for some authorities in applying this guidance and consequently requested statutory mitigation. The Scottish Government agreed to this request. A copy of the mitigation (Finance Circular 8/2014) is included as an appendix in the guidance.
Authorities should note that:
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