Latest News
New response
CIPFA has responded to the DfE/YPLA consultation on the 16-19 Funding Formula Review. Please click here to read the response in full.
Webinar - Consultation on the Code of Practice on Local Authority Accounting in the United Kingdom
A webinar highlighting the key issues in the consultation on the Code of Practice on Local Authority Accounting can be accessed here.
CIPFA Local Authority Finance Director e-newsletter
This newsletter provides an update on developments including the Code of Practice on Local Authority Accounting in the UK, the move to self-financing for local authority housing and fighting fraud locally. More...
CIPFA Academies, Colleges and Universities Panel e-newsletter
This newsletter provides an update on developments including CIPFA’s latest publications for Academies, Colleges and Universities, the NAO report Regulating Financial Sustainability in Higher Education, and more...
Depreciation and Treasury Management under the Self-Financing of council housing: CIPFA consultation and guidance out now
CIPFA has now issued further guidance on the treasury management implications of housing finance reform and on depreciation under self-financing. The Depreciation paper contains a number of consultation questions – responses are sought by 30th September 2011.
Click here to download the papers Housing Depreciation 26 Aug 2011 final and Treasury management implications of HRA reform August 2011 final.
The Code of Practice on Local Authority Accounting in the United Kingdom 2011/12 Code Update and 2012/13 Code - Invitation to Comment
CIPFA/LASAAC has released the 2011/12 Code Update as well as the 2012/13 Code Exposure Draft and Invitation to Comment for public consultation. The 2011/12 Code Update and the 2012/13 Code feature a number of changes to the Code as a result of statutory accounting or disclosure requirements. Importantly, it also features the complex issue of which schools land and buildings should be recognised on local authority balance sheets. In addition CIPFA/LASAAC is seeking views of respondents on the approach to the Explanatory Foreword /Management Commentary and the possible future implementation of the measurement requirements of the Code of Practice on Transport Infrastructure Assets in the Code. For more details please see the consultation page.
Treasury Management Code Essentials
Treasury Management is a complex and technical area. This short summary aims to provide those senior officers and those charged with governance, such as local authority councillors responsible for treasury management with some of the essentials.
LAAP 82 - Guidance on deposits with Icelandic Banks - Update
This Bulletin has now been finalised following the announcement of the sixth dividend from KSF and incorporates developments up to May 2011. There were no changes to the estimates provided in the draft Bulletin.
LAAP 89 - The change from RPI to CPI for pensions increases
The Local Authority Accounting Panel is issuing this bulletin to assist organisations that are subject to the CIPFA LAASAC Code of Practice on Local Authority Accounting in the UK to implement the requirements of UITF abstract 48-Accounting implications of the replacement of the retail prices index with the consumer prices index for retirement benefits.
IFRS: How to tell the story
CIPFA has published a briefing note IFRS: How to tell the story which aims to help Chief Financial Officers present the 2010/11 accounts to members. The 2010/11 accounts will be the first set of local authority accounts to be prepared under IFRS, and the note shows how key information can be identified in the new formats.
Service Reporting Code of Practice for Local Authorities 2011/12 (SeRCOP)
The Best Value Accounting Code of Practice has been renamed to SeRCOP to emphasise the developing role that this Code will play in delivering the UK Government’s Transparency agenda. For further details click here.
