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.
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.
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CIPFA has a vacancy for the Chair of the Local Authority Accounting Panel. This Panel is integral to CIPFA’s work in supporting practitioners with guidance and information on accounting and financial reporting issues in the sector. It is also responsible for responding to initiatives to strengthen governance and financial management in public services.
There are normally two to three Panel Meetings per year (as appropriate to the Panel’s objectives and workplans for the year). The meetings taking approximately half a day. The Chair would be anticipated to Chair relevant meetings and represent the Panel more widely.
For more details please consider the person specification and/or contact the Secretary of the Panel for an informal discussion.
If you think that you could be the ideal candidate, send your brief letter of application together with your CV to Mark McLean, Policy Support Officer by 09/10/2020. Thereafter, successful candidates will be invited for an interview.
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'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.
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:
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.
You may be interested in the following services:
Finance Advisory Network
TISonline Internal Audit
TISonline Local Authority Accounting
Assetmanager.NET Capital Accounting