The CIPFA/LASAAC Local Authority Code Board is established as 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. The 2010/11 Code is the first to be based on International Financial Reporting Standards, and has been prepared under the oversight of the Financial Reporting Advisory Board.
Previous editions of the Code were the Statement of Recommended Practice (SORP) for the sector. The last SORP covers the 2009/10 financial year.
As part of the work of preparing the SORP, the Board shared the Accounting Standards Board’s aim of advancing and maintaining standards of financial reporting in the public interest and was recognised by the ASB for the purpose of issuing SORPs. As a condition of recognition, the CIPFA-LASAAC Board had agreed to follow the ASB’s Code of Practice on the Development of SORPs.
For details of the ASB and of CIPFA members in its activities please click here
LATEST NEWS
 08-Feb-2010 |
| 18-Dec-2009 |
IFRS-based Code of Practice on Local Authority Accounting Published |
| 02-Nov-2009 |
IFRS-based Code of Practice on Local Authority Accounting Approved |
For further information about the Board, please contact Julian Smith: julian.smith@cipfa.org or 0207 543 5795