FINANCE

Closing the loop

CIPFA’s new expenditure and funding analysis can give local government a strong foundation during unstable times. Alison Scott explains the changes

Local government financial reporting is a difficult subject in which to generate interest in outside of technical accountants but it is a subject that should concern all involved in local government and I believe is crucial to the continuing independence and self-determination of the sector.

Local government remains unique in that its accounting requirements are not determined by the Financial Reporting Advisory Board supported by HM Treasury, but by CIPFA/LASAAC supported by CIPFA, itself an independent chartered institute.

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