CIPFA LASAAC Local Authority Code Board

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:

What's going on?

Code of Practice on Local Authority Accounting in the United Kingdom: Consultations

CIPFA/LASAAC has issued a consultation which closes on 7 September 2018

Code of Practice Consultation on 2019/20 IFRS 16 Leases Proposals

This has been followed by its annual consultation on the 2019/20 Code which closes on 8 October 2018.

Code of Practice on Local Authority Accounting in the United Kingdom 2019/20:Invitation to Comment

CIPFA/LASAAC would welcome responses to the both consultations from any interested party. 

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)

Important Statement from CIPFA/LASAAC on the Measurement of the Highways Network Asset

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)


Articles

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