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Public sector financial and non-financial reporting

We highlight the vital role public sector reporting plays in strengthening financial controls, improving evidence-based decision making and bringing transparency to the public about how taxpayers’ money is spent.

Featured content

Colleagues
Article

What does going concern in the public sector really mean?

Many consider the going concern assumption in the public sector “meaningless”, so could resilience statements provide a better way of assessing whether public bodies are financially viable?
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Article

Local audit quality inspection results revealed

Financial Reporting Council rates 70% of local audits as good or only requiring limited improvements, but reiterates concerns about audit timeliness.
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Checklist
Article

Service performance reporting in the public sector

In New Zealand, a shift away from the terminology of inputs, outputs and outcomes to allow public sector organisations to choose how to tell their service performance stories is boosting accountability.
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Group discussion

Article
How the Cyprus Treasury is embracing ‘continuous accounting reform’

The Treasury team in Cyprus is working through a number of projects to improve its processes and make its public financial management fit for a more complex future.

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COVID-19 scheme fraud recoveries hindered by assurance delays

The National Audit Office says assurance delays in COVID-19 grants have led to only 0.4% of estimated fraudulent or erroneous payments being recovered.

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The case for a local government simplified statement

Sir Tony Redmond first recommended the idea of a simplified statement two years ago in his government-commissioned independent review. He explains why the concept is as valid now as it was then.

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Why politicians should pay attention to government financial reports

Following last week’s Autumn Statement, Dr Elaine Stewart, a Lecturer in Accounting at Queen’s University, argues that politicians should use accounting data to inform policymaking and to explain how public money has been spent.

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Article
The future of public sector operational property valuation methods

With an HM Treasury review into the valuation of operational assets due to be published imminently, potential changes could have a significant impact on public sector accounts preparers and auditors.

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Financial and non-financial reporting in the health sector

Legislative delays, new statutory bodies and the introduction of IFRS 16 are all adding to the challenges facing health sector finance teams.

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A conversation with Ian Carruthers, Chair of the International Public Sector Accounting Standards Board (IPSASB)

In this podcast, Ian provides his take on recent public sector financial management developments including sustainability reporting and future pressure on the standard setter in light of increased adoption of accruals accounting.

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Article
SDG reporting in the public sector: the future

The 2030 Agenda for Sustainable Development is a historic global agreement agreed by world leaders at the United Nations in 2015. Seven years on, reporting on the 17 Sustainable Development Goals (SDGs) remains a work in progress.

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