A dedicated group will be formed to provide advice to councils on how to streamline the information in their financial statements.
The move by the Chartered Institute of Public Finance and Accountancy (CIPFA) to create a nine-member financial reporting hub comes weeks after the Financial Reporting Council raised fresh concerns about the timeliness of local audits in England.
Want full article access?
Receive The MJ magazine each week and gain access to all the content on this website with a subscription.
Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.
Already a subscriber? Login