This board is responsible for preparing, maintaining, developing and issuing the Code of Practice on Local Authority Accounting for the United Kingdom.
From 2010/11 onwards, the Code has been based on International Financial Reporting Standards.
The board is a partnership between CIPFA (England, Northern Ireland and Wales) and the Local Authority (Scotland) Accounts Advisory Committee (LASAAC).
Contact Sarah Sheen with any queries about CIPFA/LASAAC.
Find out more by reading the CIPFA/LASAAC Terms of Reference and the sub-pages listed below:
CIPFA/LASAAC has issued the following statement following decisions taken at the meeting of the government’s Financial Reporting Advisory Board (FRAB) on 22 November 2018.
Statement from the CIPFA/LASAAC Local Authority Accounting Code Board:Implementation of IFRS 16 Leases (PDF, 225KB)
CIPFA/LASAAC Vacancies on the Board
CIPFA/LASAAC has two vacancies on the Board ie an English local authority accounts preparer member and a local authority auditor. For more detail on the vacancies download the CIPFA/LASAAC Member Role Description (PDF, 92.0KB).
CIPFA/LASAAC Clarification statement on contracts with LOBO clauses.
CIPFA/LASAAC has issued the following statement on 15 May 2018:
Clarification statement on contracts with LOBO clauses (PDF, 402KB)
Statement from CIPFA/LASAAC on the Adoption of IFRS9
CIPFA/LASAAC has issued the following statement on 13 November 2017:
CIPFA/LASAAC Statement on the Adoption of IFRS 9 Financial Instruments (PDF, 66.8KB)
CIPFA/LASAAC has issued the following important statement on 10 March 2017:
Statement from CIPFA/LASAAC Local Authority Code Board on the Measurement of the Highways Network Asset (PDF, 212KB)
Sarah Sheen, Technical Manager-Local Government Reporting at CIPFA, published To have and to leasehold:accounting for leases in Public Finance on 5 September 2018
Alison Scott, former Head of Standards and Financial Reporting at CIPFA, published How to Make a Code of Practice in Public Finance on 28 March 2017.
The Chair of CIPFA/LASAAC, Lynn Pamment, and the Secretary, Sarah Sheen, published Council Accounting: A Shift from Rules to Principles in Public Finance.
Alison Scott, former Head of Standards and Financial Reporting at CIPFA, published Accounts Should Be of Interest to Local Taxpayers in the 4 June 2015 issue of Municipal Journal.