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Concerns over local authorities readiness to adopt international accounting standards

The ACCA has raised doubts over the readiness of UK local authorities to adopt the international accounting standard IFRS 16.

United kingdomGlenn collinsJessica binghamCompany profilesCompany profileCode of practice on local authority accountingAuthority accounting code boardLocal authority accounting

CIPFA/LASAAC support further deferral of IFRS 16

CIPFA/LASAAC do not intend to bring forward proposals to pause operational property valuation in local authority financial statements but recommend further deferral of the implementation of IFRS 16 until 2024/25.

United kingdomOliver simmsAuthority accounting code boardCode of practice on local authority accountingLocal authority accountingFinancial reporting advisory boardPublic sector audit

ICAEW calls for lasting solutions to local audit delays

ICAEW has expressed concerns about proposed time-limited changes to local authority accounting requirements intended to address audit delays.

United kingdomTony redmondOliver simmsAuthority accounting code boardCode of practice on local authority accountingPublic audit forumDepartment for levellingLocal authority accountingSir tony redmondPractice notePublic sector audit

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