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Urgent consultation on changes to the code to resolve issues relating to the reporting of infrastructure assets
Event summary
Infrastructure asset reporting has recently been subject to challenge, and this has led to delays in the audit process. This webinar will provide a detailed analysis of CIPFA's urgent consultation on changes to the accounting code to resolve issues. Delegates will get the chance share views, discuss the key issues, and understand the means to their resolution.
Date
26 May 2022
Starts: 14:00
Ends: 15:00
Location
Webinar
Standard price
£0.00 excl VAT
Network Member Price
*the event has started.
About this event
Who should attend?
Finance practitioners, external auditors and key professionals who participate in the management of infrastructure assets in local authorities.
How will I benefit from attending?
-
hear directly from the chair of CIPFA LASAAC and others that have produced the consultation and understand why the changes are proposed
- consider the key issues and problems that have arisen
- be able to assess practical means of resolution and what this might mean for their authorities
Topics
- Accounts closedown
- / Financial reporting
Speaker - Sarah Sheen, Standard Setting Manager, CIPFA
Sarah is a member of CIPFA's Policy and Technical team, specialising in standard setting, having worked on all the public sector and public benefit SORPs. She leads on the institute's UK Charities SORP, and acts in a senior advisory capacity to the CIPFA LASAAC board. She also leads on our responses on the Redmond Review and local audit, and is responsible for reviewing and preparing research and technical papers. She works in a senior advisory capacity on capital finance.
Prior to working for CIPFA, Sarah was a national lead for PwC, and was seconded to the Welsh government where she was responsible for taking forward the local authorities Capital Finance and Accounting Regulations and statutory guidance on local government investments. She previously worked in a number of roles for a major local authority in Wales.
Speaker - Conrad Hall, Chair CIPFA LASAAC, Corporate Director of Resources for Newham Council
Conrad has twenty years of senior financial management experience in London local authorities, the last ten of which have been in chief finance officer roles,
He trained with the Audit Commission, qualified as a CIPFA accountant in 1998, and is a former winner of the Accountancy Age UK Accountant of the Year award for his work in transforming Lambeth Council. He is currently the Corporate Director of Resources for Newham Council and chairs the CIPFA/LASAAC board, which is responsible for financial reporting and accounting standards for UK local government
Speaker - Steven Cain, CIPFA Technical Manager, Financial Reporting and Auditing Standards
Steven is CIPFA’s technical lead on financial reporting and auditing standards as they apply to all parts of the public sector and wider public services, in the UK and internationally.
Speaker - Derek Yule, Financial Advisor, COSLA
Derek has worked in a consultancy role, providing financial support to the Convention of Scottish Local Authorities (COSLA), since retiring from his post of Deputy Chief Executive and Director of Corporate Resources with the Highland Council. He is a CFPA-accredited accountant and became a CIPFA fellow in 2016. He also as a CIPFA council member and, in that capacity, is a member of the Public Financial Management Board and Vice Chair of the Accounting and Financial Reporting Forum. He is also an Honours Member of the Institute of Revenues, Rating and Valuation.
A graduate of Edinburgh University, he undertook the NHS national finance training scheme and, following a couple of substantive posts with Lothian Health Board, worked in local government from 1987 to 2011. He has worked in various positions with Clackmannan District Council, Clackmannanshire Council and Aberdeenshire Council, before taking up the post of Director of Finance with Highland Council.
Derek is a past chair of the Local Authority (Scotland) Accounts Advisory Board (LASAAC). He has also served as Vice Chair of CIPFA/LASAAC Local Authority Accounting Code Board and as a member of the Financial Reporting Advisory Board (FRAB). He has been a member of a number of working groups with the Scottish government and COSLA, with a particular interest in local government grant distribution, welfare reform, and health and social care integration, and has given evidence to a number of parliamentary committees.