Local Authority Accounting Panel

Welcome

This Local Authority Accounting Panel focuses on local government accounting and financial reporting issues and produces guidance for practitioners.

To provide timely advice on current developments it issues:

The panel also oversees the annual Local Authority Accounting Conference.

Contact us

Address your queries and feedback to Mark McLean, Policy Support Officer. If you would like to be considered for panel membership, please send a summary of your CV and a note of your key areas of interest.

News articles

Government considering local audit ‘system leader’
24 February 2021
Covid-19 pressures hit grant fraud prevention
23 February 2021
Grants of £150m available to councils in homes partnership initiative
22 February 2021

See all articles

What's going on?

CIPFA briefing on leases

To support the formal CIPFA and Local Authority (Scotland) Accounts Advisory Committee (LASAAC) Consultation on the International Financial Reporting Standard (IFRS) 16, CIPFA has issued a Local Authority Leases Briefing 1 (PDF, 227KB).

CIPFA codes

CIPFA's codes of practice and related guidance help local authorities in the UK to maintain the highest possible standards in financial reporting consistent with IFRS.

Streamlining the Accounts: Guidance for Local Authorities

CIPFA has worked with the Society of London Treasurers, the Society of District Council Treasurers, and Grant Thornton LLP to offer guidance to local authorities and some additional support steps to streamline both the format of their published financial statements and the year-end processes that underpin them.

This publication is based on information provided by local authorities already taking positive action and who have found that clearer and shorter financial statements can be prepared to a high standard that is code compliant but with less time and reduced resources.

These local authorities have also, in some cases, managed to prepare financial statements earlier and have found that streamlining can deliver wider benefits to the finance function in terms of:

• more accurate in-year financial information

• smoother external audit process

• finance staff freed up for other work

• skills training and development

• enhanced reputation of the finance team.

Streamlining the Accounts: Guidance for Local Authorities (PDF, 3MB) is being made available as a pre-publication draft to enable practitioners to benefit from the content at as early a stage as possible.

Policies & guidance

See all policies & guidance

Events

Introduction to Accounting for Groups and Collaborative Arrangements
01/03/2021, Webinar
Management Accounting In Public Service Decision Making
04/03/2021, Webinar
FAN Networking event: Capital Accounting
09/03/2021, Webinar

See all events

Services

You may be interested in the following services:

Finance Advisory Network

TISonline Internal Audit

TISonline Local Authority Accounting

Software manuals:

Assetmanager.NET Capital Accounting

Assetmanager.NET Valuation

Jobs

London Borough of Bromley: Principal Finance Officer

BR11 to BR14 £33,598 to £44,216): London Borough of Bromley: This is an opportunity to be a key part of a highly motivated, strong performing and friendly Accountancy team within the Finance division. London