Chartered Institute of Public Finance and Accountancy


Ethics Code Professional Conduct

 

 

 

 

 

 

Best Value

Best Value Accounting Code of Practice 2008: Consultation on revised Police SEA

BVACOP 2008 included a single line SEA for Police Services, but stated that further work was being undertaken in this area and that a revised SEA would be published when available. This consultation covers the revised SEA.

Responses are invited by 23 March 2009 on the following question:

Do you agree that the Divisions of Service included in the revised Police SEA are appropriate for the service? Please provide reasons for your answer.

Download the consultation document [word file, 143K]

Responses to this consultation paper should be sent preferably by email (paul.mason@cipfa.org) to:

Paul Mason
CIPFA
3 Robert Street
London WC2N 6RL

CONSULTATION CLOSED

Best Value Accounting Code of Practice 2008 - Consultation on the Definition of Total Cost

A consultation paper on the proposed amendments to the definition of ‘Total Cost’ and amendments to the Standard Subjective Analysis to be included in the Best Value Accounting Code of Practice (BVACOP) 2008 is now available.

DOWNLOAD: Consultation Paper
DOWNLOAD: Consultation Exposure Draft Section 2 and Section 4 (Extract)

The consultation period will close on 31 December 2007. If you cannot download these documents from the website, copies are available on request from Paul Mason at CIPFA (tel. 020 7543 5691).

The main proposed changes relate to:

  • Replacement of deferred charges by revenue expenditure funded from capital under statute
  • Trading accounts and trading operations
  • Costs associated with abortive capital projects

    The consultation also addresses possible amended accounting arrangements for PFI / PPP schemes in 2009/10, which will form part of the forthcoming consultation on the 2009 SORP.

    The consultation paper outlines and explains the proposed changes and the proposed amended BVACOP text is contained in two separate track-changed attachments.

    Comments are invited by 31 December 2008.

    Please send your comments, preferably by email to

    Paul Mason (paul.mason@cipfa.org)
    CIPFA
    3 Robert Street
    London
    WC2N 6RL

    • BVACOP 2008Best Value Accounting Code of Practice 2008 (BVACOP)

    In England and Wales, the Best Value Accounting Code of Practice (BVACOP) is given legislative authority by regulations which identify the accounting practices it propounds as 'proper practices' under the Local Government Act 2003. In Scotland this is derived from the Local Government in Scotland Act 2003. In Northern Ireland, too, primary legislation has given statutory effect to a Best Value framework.

    This year BVACOP provides even more practical guidance on all formal financial disclosures required in relation to the Best Value regime. It is also available in CD-ROM format to enable wide and cost-effective access.

    For more details and to purchase a copy online, please click here.