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 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?

CIPFA/LASAAC Provides Survey Feedback and Issues Discussion Papers

CIPFA/LASAAC has provided an analysis of responses to the recent stakeholder survey, and has also issued two discussion papers to support further stakeholder engagement. Please see the IFRS-based Code page for more details.

CIPFA/LASAAC encourages authorities to prepare for IFRS 16 Leases implementation from 1 April 2020

CIPFA/LASAAC has recently issued the Code 20/21 Invitation To Comment (ITC). This includes the planned text for IFRS 16 Leases implementation which has been agreed by CIPFA/LASAAC following the consultation process held in 2018. Authorities are now encouraged and advised to prepare for implementation, to the same timescale as central government. In doing so authorities are advised to: 

  •  Refer to and fully review the planned IFRS 16 Leases Code implementation text (Appendix B of the ITC).
  •  Review previously issued leasing briefings which discussed some of the issues arising for implementation.
  •  Ensure that project management arrangements are in place.
    •  Identification of all leases, including those for ‘nil consideration’ will be required.
    •  The project will involve more than just finance staff as the new requirements place a focus on financial reporting reflecting the active management, and changing liabilities, of leases.
    •  Additionally some right-of-use assets may be required to be carried at valuation, rather than cost.
    •  The project can also involve ensuring that appropriate governance (committee or councillor) oversight arrangements are in place.
    •  Liaison with external auditors can also be included.
  •  Commence preparation of an accounting treatment paper, to demonstrate and evidence the judgements and decisions made regarding implementation and appropriate accounting    policies and treatments.
    •  Example judgements may include the ongoing use of exemptions.
  •  Refer to relevant materials, including a forthcoming CIPFA ‘Early Guide’ on IFRS 16 Leases which will be based on the planned Code text provided above.
  •  Ensure representation at relevant events, such as the CIPFA Finance Advisory Network Leases Practitioner Workshops and relevant CIPFA Property events.
  •  Note that, as indicated in the ITC consultation, the lease liability measurement requirements are expected to apply to Service Concession Arrangements (PFI/PPP).

Consultation on the Code of Practice 20/21

CIPFA/LASAAC has issued an invitation to comment on the Code of Practice 20/21. The consultation closes on 27 September 2019. 

CIPFA/LASAAC vacancy on the board

CIPFA/LASAAC has a vacancy on the Board for an English local authority accounts member. For more detail on the vacancy download the CIPFA/LASAAC Vacancy Recruitment June 2019 (PDF, 89KB).

Update to the 2018/19 Code: IFRS 9 Financial Instruments: prepayment features with negative compensation and other augmentations

CIPFA/LASAAC has issued an update to the 2018/19 Code of Practice to provide transitional provisions for changes in accounting practices or treatment for modifications of exchanges of financial liabilities that do not result in derecognition which arise as a result of clarifications in IFRS 9 Financial Instruments: Prepayment Features with Negative Compensation (IASB October 2017) and minor augmentations to the provisions relating to exchanges between an existing borrower and lender.

The Update to the 2018/19 Code must be read in conjunction with the 2018/19 Code published by CIPFA in April 2018. The Update includes tracked changes to appropriate extracts of the 2018/19 Code with both new and amended paragraphs required to form the revised 2018/19 Code. The Update has been made available to purchasers of the 2018/19 Code.

Important statement: implementation of IFRS 16 to be deferred until 1 April 2020

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). 

See also the Code development feedback statement which indicates key IFRS 16 Leases implementation decisions by CIPFA/LASAAC arising from consultation responses and stakeholder feedback.

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 IFRS 9

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 hasissued 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