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\useful links
The useful links are split into three sections:
- CIPFA Website Material Relevant to IFRS
- Standard Setting and Related Websites
- International Financial Reporting Manuals and Other Guidance for Public Sector Bodies
CIPFA WEBSITE MATERIAL RELEVANT TO IFRS
CIPFA Accounting and Auditing Standards Panel (AASP) webpages
These webpages contain news and other information on the development of all financial reporting standards (including IFRS and IPSAS), auditing standards and other matters. They include CIPFA responses to standard setter consultations, and links to other useful websites.
AASP homepage: www.cipfa.org.uk/panels/accounting/index.cfm
Other CIPFA panel webpages
Other CIPFA panels consider more general sectoral matters, and sometimes these include including financial reporting standards matters.
- Central Government Panel (www.cipfa.org.uk/panels/centgov/index.cfm)
- Health Panel (www.cipfa.org.uk/panels/health/index.cfm)
- Local Authority Accounting Panel (www.cipfa.org.uk/panels/laap/index.cfm)
CIPFA (and LASAAC) development of the IFRS based code for local authorities
The CIPFA/LASAAC Local Authority Code Board is a standing committee of CIPFA and LASAAC for the purpose of preparing, maintaining, developing and issuing the Code of Practice on Local Authority Accounting for the United Kingdom.
CIPFA/LASAAC homepage: www.cipfa.org.uk/pt/cipfalasaac
STANDARD SETTING AND RELATED WEBSITES
The International Accounting Standards Board (IASB)
The IASB is the developer of IFRS, which when adopted by the EU are the starting point for UK public sector financial reporting.
IASB Homepage: www.iasb.org
Adoption of IFRS by the EU
The European Financial Reporting Advisory Group (EFRAG) is the advisory body on EU adoption of IFRS.
EFRAG home page: www.efrag.org
The European Commission website provides authoritative information on IFRS adoption under EU regulation.
European Commission internal market pages: ec.europa.eu/internal_market/accounting/legal_framework/regulations_adopting_ias_en.htm
The International Public Sector Accounting Standards Board (IPSASB)
IPSASB standards and other papers are the second source of guidance which are considered in developing UK public sector financial reporting guidance.
IPSASB homepage: www.ifac.org/PublicSector
Accounting Standards Board (ASB)
The UK Accounting Standards Board is no longer the primary source of financial reporting standards for the UK public sector, but has developed a considerable body of useful material which informs UK financial reporting development.
ASB homepage: www.frc.org.uk/asb
INTERNATIONAL FINANCIAL REPORTING MANUALS AND OTHER GUIDANCE FOR PUBLIC SECTOR BODIES
Financial Reporting Advisory Board (FRAB)
The FRAB is an advisory body which reviews and advises on the IFRS based guidance developed by HM Treasury, the Department of Health, Monitor, and CIPFA/LASAAC
HM Treasury FRAB pages: www.hm-treasury.gov.uk/psr_frab_index.htm
Central Government and the devolved government administrations
The principal source of information is the HM Treasury webpages. Guidance for the devolved government administrations is provided on their websites, but on standards issues these link back to the HM Treasury Government Financial Reporting Manual (FReM) pages.
FReM online: www.hm-treasury.gov.uk/frem_index.htm
Health Sector
England
Guidance on the preparation of financial statements by NHS Trusts in England other than Foundation Trusts is available in the Department of Health online Finance Manual at www.info.doh.gov.uk/doh/finman.nsf
Guidance for NHS Foundation Trusts is contained in a separate NHS Foundation Trust Financial Reporting Manual, prepared by the foundation trust regulator Monitor and available at www.monitor-nhsft.gov.uk/publications.php
Scotland, Wales and Northern Ireland
NHS bodies in Scotland, Wales and Northern Ireland use guidance issued by the devolved government administrations, some of which refers to the Department of Health guidance above.
In Scotland, guidance is provided by the Scottish Executive Health Department in the 'NHS Unified Board Accounts Manual For Annual Report And Accounts and for Scottish Financial Returns' available online at www.fpma.scot.nhs.uk/manuals.htm
NHS Wales mainly use the NHS England guidance, with additional requirements set out on the Health of Wales Information Service webpages at wales.nhs.uk
Local government
Guidance on the preparation of financial statements by local government is set out in the "Code of Practice on Local Authority Accounting in the United Kingdom" available from CIPFA at secure.cipfa.org.uk/cgi-bin/CIPFA.storefront/EN/product/PUBAC094