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Accounting for loans with LOBO clauses

25-05-2018

Following a letter dated 4 April 2018 from external audit firms, the CIPFA/LASAAC Local Authority Code Board has issued a clarification statement on Provisions in the Local Authority Accounting Code on Contracts with Lender Option Borrower Option Clauses.

This clarification may affect 2017/18 accounts and audit process for some authorities.

NTW_FAN_Alert_0518_Loans_with_LOBO_Clauses

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