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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.

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Article
Setting a new direction for local authority accounts

The Levelling Up, Housing and Communities Committee has delivered a landmark report that will transform local authority financial statements, says ICAEW’s Alison Ring.

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Article
Summary of IPSASB March 2024 meeting

The International Public Sector Accounting Standards Board (IPSASB) held their first meeting of the year in New York with a number of interesting projects to report back on, including sustainability reporting and presentation of financial statements.

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Article
ICAEW publishes its vision for local audit

In response to the crisis in financial reporting and audit in local authorities in England, ICAEW argues that urgent action is needed to bring confidence to the finances of local public bodies.

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Article

IPSAS vs IFRS - what is the most suitable accounting framework for the public sector?

  • Article
  • ICAEW
The adoption of accrual accounting by governments is gathering momentum. If a government were to adopt accrual accounting now, is the adoption of IPSAS the most sensible option?
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