Public Sector Financial Reporting Insights

From PwC to public service: Lynn Pamment CBE

The former PwC partner and now Jersey’s Comptroller and Auditor General on why tackling the local audit crisis hinges on audit firm leaders valuing the public sector audit discipline better.

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.

Strategic Finance Network Group

The first face-to-face meeting of the Strategic Finance Network Group tackled the fascinating subject of ‘Influencing Upwards’ at an event hosted by ICAEW at Chartered Accountants Hall.

ICAEW backs academic research on local government accounts

The Institute has joined forces with CIPFA-affiliated academic journal Public Money & Management to call for papers on how local government accounts can be used to improve accountability and effectiveness.

Government’s response ‘disappointing’ on local authority recommendations

Department keeps under review or rejects several recommendations made by the Levelling Up, Housing and Communities Committee inquiry into financial reporting and audit in English local authorities.

Government’s plan to tackle local audit backlog in England

Proposed backstop date of 30 September 2024 would force auditors to qualify or disclaim local authority financial statements if councils cannot resolve accounting issues in time.

ICAEW technical round-up: January 2024

This month’s top stories include mandated payrolling employer-provided benefits; information around the abolition of the pensions lifetime allowance; and an explainer on how to calculate NICs for directors.

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.

ICAEW technical round-up: December 2023

This month’s top stories include ICAEW’s best tax stories of 2023; changing self assessment criteria; and messages from Government Gateway requesting email address confirmation.

ICAEW technical round-up: November 2023

This month’s top stories include a raft of Autumn Statement measures; HMRC issues its guidelines for compliance on what qualifies as R&D for tax purposes; and tips for returns for deceased individuals and estates.