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Setting a new direction for local authority accounts
The Levelling Up, Housing and Communities Committee has delivered a landmark report that will transform local authority financial statements, says ICAEW’s Alison Ring.
Read moreSummary of IPSASB March 2024 meeting
The International Public Sector Accounting Standards Board (IPSASB) held their first meeting of the year in New York with a number of interesting projects to report back on, including sustainability reporting and presentation of financial statements.
Read moreThe case for a local government simplified statement
Sir Tony Redmond first recommended the idea of a simplified statement two years ago in his government-commissioned independent review. He explains why the concept is as valid now as it was then.
Read moreWhy politicians should pay attention to government financial reports
Following last week’s Autumn Statement, Dr Elaine Stewart, a Lecturer in Accounting at Queen’s University, argues that politicians should use accounting data to inform policymaking and to explain how public money has been spent.
Read moreThe future of public sector operational property valuation methods
With an HM Treasury review into the valuation of operational assets due to be published imminently, potential changes could have a significant impact on public sector accounts preparers and auditors.
Read moreFinancial and non-financial reporting in the health sector
Legislative delays, new statutory bodies and the introduction of IFRS 16 are all adding to the challenges facing health sector finance teams.
Read moreICAEW publishes its vision for local audit
In response to the crisis in financial reporting and audit in local authorities in England, ICAEW argues that urgent action is needed to bring confidence to the finances of local public bodies.
Read moreSDG reporting in the public sector: the future
The 2030 Agenda for Sustainable Development is a historic global agreement agreed by world leaders at the United Nations in 2015. Seven years on, reporting on the 17 Sustainable Development Goals (SDGs) remains a work in progress.
Read moreIPSAS vs IFRS - what is the most suitable accounting framework for the public sector?
Service performance reporting in the public sector
