Chartered Institute of Public Finance and Accountancy

Accounting and Auditing Standards Panel

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   NEWS

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Latest Accounting and Auditing Standards Update now available
This was approved at the September  2011 AASP meeting and is available to view here.

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Annual Report 2010
The report on the activities of the Accounting and Auditing Standards Panel for 2010 has been published on the AASP website. Please click here to view the Annual Report 2010.

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CIPFA Consultation on Draft Leasing Standard
The International Accounting Standards Board (IASB) issued this exposure draft in August, asking for comments by 15 December 2010. The outcome of the IASB’s consultation will directly affect public sector financial reporting which is based on EU adopted IFRS. The IASB proposals appear sensible, but the resource implications of implementing them will be substantial. Read more...

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New Chair of AASP
The new Chair of AASP is David Watkins, Head of Strategic Technical Resource Planning at the Foreign and Commonwealth Office. David worked at the National Audit Office before moving to HM Treasury, where he was head of Financial Reporting Policy.

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CIPFA round table on future of UK GAAP for public benefit entities
On 27 November 2009, CIPFA held a round table event to discuss the Accounting Standards Board (ASB) consultation paper on the future of UK GAAP. Speakers from the ASB, the Charities, Further and Higher Education, and Registered Social Landlords sectors paid particular attention to the ASB suggestion that there is a gap in standard setting for public benefit entities, and that this should be filled by a Public Benefit standard. More

Feedback from this event, and discussions with CIPFA’s Accounting and Auditing Standards Panel, Charities Panel, FEHE Panel and RSL Panel were used to develop the CIPFA response to the ASB paper, which is available here.

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Combined UK response to IPSASB Consultation on its Conceptual Framework
On 2 April 2009 a response was sent to the IPSASB setting out a combined view from 10 UK stakeholders in public sector financial reporting.

Please click here to download the response in full.

This was developed from responses to a UK Invitation to Comment.

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Volunteer Feedback Survey
We are always eager to hear existing (and potential) panel members' views on how we can help support you better. The Volunteer Survey offers a formal mechanism for you to feed back your views to CIPFA.

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   EVENTS

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Details of forthcoming events will be added here as soon as they become available.

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