In its last manifesto, the Labour Party pledged to bring the water, rail and energy sectors back into public ownership, while at the same time introducing a Fiscal Credibility Rule. But is it possible to do both and ensure the sound economic future of the UK? ICAEW has joined forces with the Fabian Society to explore the tough spending choices that would face a Corbyn government.
The role of professional accountants is fundamentally about creating trust. Trust that numbers are correctly stated and that a true and fair account has been produced, showing what money has been raised and how that money has been used.
A decade after the corporate debt crisis, public debt is at an all-time high and continues to rise. The potential for a global public debt crisis should not be ignored. ICAEW shares policy insight.
This special report has been written to support local public bodies when they are in the process of tendering for external audit services under the Local Audit and Accountability Act 2014. It is largely based upon recent experiences by accountancy firms, gained in tendering for NHS Foundation Trusts and other public sector procurements, learning the lessons from these procurement exercises.
In this publication, we explore the role that finance leaders can and should play in managing sustainable public finances. We explore the drivers for strong financial leadership and the skills and competences that, in our view, a strong finance leader should have. Senior leaders, from around the world, provide their thoughts on the importance of strong finance leaders in the public sector.
ICAEW has a new addition to the better government series: a guide for stakeholders working with the UK Central Government Public Financial Management System.
An ICAEW policy insight aimed at helping governments and parliaments understand how good balance sheet management can improve the overall management of the public finances and the questions they should be asking to make the most of their integrated financial reports.
On 13 July 2017, the UK Government published its seventh Whole of Government Accounts (WGA) - the UK government’s annual financial report for 2015/16. Here ICAEW experts provide a summary of the WGA.
An accessible, practical guidance document from ICAEW, aimed at helping government entities move from cash to accruals accounting as a change project.
In its expert analysis of the UK's Whole of Government Accounts for the IFS Green Budget 2017, ICAEW has highlighted that long-term liabilities (the accounting deficit) means UK debt has hit £3.6 trillion, much bigger than the headline deficit of £1.5 trillion quoted in the national accounts.