PrintConsultation
Local Authority Transport Infrastructure Assets
Review Of Accounting, Management And Finance Mechanisms
A draft report for consultation was issued in July 2007.
DOWNLOAD: Consultation letter (1 page) - Word [265KB] | PDF [21KB]
DOWNLOAD: Foreword by the Chairman of the Review Project Steering Group (1 page) - Word [23KB] | PDF [12KB]
DOWNLOAD: Introduction, main findings and questions for consultation (5 pages) - Word [46KB] | PDF [37KB]
DOWNLOAD: Full report (115 pages) - Word [901KB] | PDF [585KB]
DOWNLOAD: Press release(2 pages) - Word [46KB] | PDF [15KB]
CIPFA carried out this review on behalf of H M Treasury and Department for Transport. The report looks in particular at the case for changing the accounting treatment of local authority infrastructure in the SORP to an asset management plan based approach. It also looks briefly at the possibility of applying an AMP based approach to other local authority capital assets.
Comments on the draft will inform the final report to be published and submitted to Government in November.
Responses are invited by 28 September. Please send these, preferably be email to Infrastructure.Assets@cipfa.org or to Steven Cain, Policy and Technical Directorate, CIPFA, 3 Robert Street, London WC2N 6RL
The results of the consultation were submitted to the Project Steering Group on 30 October 2007. Submission of the final report was rescheduled in order to incorporate December 2007 decisions on
- the timescale for IFRS adoption by local government; and
- work on infrastructure accounting carried out by central government and the devolved administrations
The Final Report was published in July 2008. View the report here.