Responding to COVID-19: insight, support and guidance
Available now for pre-order – publication date late June/early July 2020.This code is prepared under International Financial Reporting Standards (IFRS), which have been adopted as the basis for public sector accounting in the UK. The 2020/21 Code has been developed by CIPFA/LASAAC and has effect for financial years commencing on or after 1 April 2020.Please note that publication of the 20/21 Code has been delayed until late June/early July 2020, due to changes made necessary as a consequence of the COVID-19 pandemic.
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Local authorities in the UK are required to keep their accounts in accordance with 'proper (accounting) practices'. Public sector organisations responsible for locally delivered services are required by legislation to comply with the terms of the Code of Practice on Local Authority Accounting in the United Kingdom (the Code). This 2020/21 edition of the Code has been developed by CIPFA/LASAAC and has effect for financial years commencing on or after 1 April 2020.
The Code specifies the principles and practices of accounting required to prepare financial statements which give a true and fair view of the financial position and transactions of a local authority. The Code applies to local government organisations across the UK including local authorities, police bodies, fire services and other local public service bodies.
This edition of the Code introduces a number of important amendments relating both to context and an understanding of requirements. Changes include:
The Code is available in hard copy and online.
The digital, online version is available as both searchable HTML and a bookmarked downloadable PDF of the publication that can be shared throughout your organisation.
Details of licensing arrangements for other categories of purchaser, which includes those organisations operating shared service arrangements, are available from CIPFA's Publications Department.
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