The CIPFA/LASAAC Local Authority SORP Board, formerly known as the CIPFA/LASAAC Joint Committee, 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 Statement of Recommended Practice (SORP) for the sector.
As part of this work, the Board shares the Accounting Standards Board’s aim of advancing and maintaining standards of financial reporting in the public interest and has been recognised by the ASB for the purpose of issuing SORPs. As a condition of recognition, the CIPFA-LASAAC Board has agreed to follow the ASB’s Code of Practice on the Development of SORPs.
The Board is also responsible for developing the IFRS-based Code of Practice on Local Authority Accounting that will apply from 2010/11. The code will be prepared under the oversight of the Financial Reporting Advisory Board. Information about the IFRS-based Code and what it will mean for local authorities can be found on the IFRS Code pages.
 09-Oct-2008 |
| 03-Jul-2008 |
| 02-Jan-2008 |
Local authority accounts to follow International Financial Reporting Standards |
For further information about the Board, please contact Julian Smith: julian.smith@cipfa.org or 0207 543 5795