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.

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.

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.

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.

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.

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?

This is the fourth instalment in a series looking at the differences between International Financial Reporting Standards (IFRS) and International Public Sector Accounting Standards (IPSAS), and the suitability of each for public sector financial reporting.

Find out about the decisions made at the recent meeting of the International Public Sector Accounting Standards Board and the implications for financial reporting in the public sector.

Our chart looks at the £3.3trn of net liabilities presented in the UK government’s consolidated financial statements for the year ended 31 March 2021 that were finally published more than 27 months after the balance sheet date.

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.

The climate conference in Glasgow (COP26) highlighted the planet’s perilous state and how commitments made must be turned into action, not just by the private sector, but also by the public sector. The need for comprehensive financial and non-financial information on climate and sustainability has never been more necessary.