Responding to COVID-19: insight, support and guidance

Councillor's Guide to Understanding Your Council's Financial Reporting Requirements

event

Event summary

This FAN workshop has been designed specifically to provide local authority elected members with greater insight into the financial reporting requirements of their authority, giving them the knowledge and confidence to deliver effective engagement, scrutiny and challenge of the Statement of Accounts as part of their overall governance role. The workshop also considers the latest developments in local authority accounting and how that might impact on the financial statements that members are required to approve.

Date

10 August 2021
Starts: 10:00
Ends: 13:15

Standard price

£175.00 excl VAT

Network Member Price

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About this event

Who should attend?

The workshop will benefit all local authority elected members charged with governance responsibilities for approving their authority's accounting statements for 2020/21, regardless of the level of knowledge and previous experience in this role.

It would also suit other elected members who may be interested in obtaining a broader knowledge and awareness of how to understand and interpret local authority financial statements.

How you will benefit

The workshop will provide elected members with:

  • an improved understanding of the financial reporting requirements for their authority and awareness of how changes in the Accounting Code of Practice are likely to impact on the financial statements moving forward
  • an overview of important elements of the financial statements to focus on as part of their governance responsibilities, and insight on how to interpret the accounts to draw out the significant performance messages
  • the confidence to engage, challenge and ask appropriate questions of officers to ensure the accounts are transparent, understandable and focused on the key performance outcomes for the authority

Topics

  • Accounting
  • / Audit
  • / Financial reporting
  • / Governance
  • / Local government
  • / Professional development

Download programme schedule

PDF 108.93 KB

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Speaker - David Ellis

David joined CIPFA in July 2012 as a FAN advisor, after a 30-year career in local government, spending several years as Chief Accountant with key responsibilities for the statement of accounts. E: david.ellis@cipfa.org, T: 07879 665950