A recent legal battle over the transparency of Thurrock Council’s £815m debt-leveraged investments in solar power bonds highlights the importance of understanding and managing balance sheet risk in the public sector.
1 March 2021: ICAEW’s Public Sector team highlights key public sector financial reporting updates covering the UK and International Public Sector Accounting Standards.
24 February 2021: This month’s top technical stories on ICAEW Insights include updates on self assessment penalties, IR35 changes and a major change to the government’s Kickstart Scheme.
17 February 2021: ICAEW’s public sector team examines the differences between International Financial Reporting Standards and International Public Sector Accounting Standards and the suitability of each in public sector financial reporting.
What do governments need to be thinking about in accounting for financial loan guarantees?
The staff Q&A on climate change is intended to help drive transparency and sustainability in reporting on public finances.
28 September 2020: This article highlights the key financial reporting projects being worked on by the International Public Sector Accounting Standards Board (IPSASB).
The International Public Sector Accounting Standards Board (IPSASB) held their first virtual board meeting in June, due to the restrictions imposed by COVID-19. Henning Diederichs FCA provides a brief update on developments.
Reports and analysis
Access a range of resources from IPSASB to help maintain strong public financial management during the pandemic.
16 April 2020: The International Public Sector Accounting Standards Board (IPSASB) has issued a Q&A publication
A response dated 10 November 2020 to an invitation to comment published by the UK Endorsement Board in October 2020.
An ICAEW discussion paper to help generate a broad consensus on how to achieve reform of public sector accounting across Europe by 2025.