Archive for the ‘CIPFA’ Category

CIPFA and Northampton Uni offer fast-track MSc

Friday, July 3rd, 2009

Professionals with the CIPFA accountancy qualification can for the first time undertake a top-up MSc in Accounting and Finance from the University of Northampton. This innovation follows a new partnership between the University of Northampton and Chartered Institute of Public Finance and Accountancy (CIPFA).

This MSc programme has been jointly developed to recognise the level and depth of the CIPFA accounting qualification and to further the knowledge of accounting and finance in a manner which provides a sound framework for those wishing to pursue further study, or to enhance employment opportunities.

It is focused on the accounting challenges that the people in public finance face today and how they relate to wider social, technical and economic environment. CIPFA qualified students undertake only three modules to achieve this masters degree. The three elements are practical and highly relevant to public finance professionals keen to advance their thinking and professional practice.

CIPFA unveils 2009 conference dates and details

Tuesday, March 3rd, 2009

CIPFA’s annual conference and exhibition, 23-25 June 2009, takes place this year amid an unprecedented economic and political environment. With the emerging recession, growing pressure is anticipated on public services as they are expected to deliver more with fewer resources.

Against this backdrop, the conference will explore how leadership, planning and resilience can help people in public finance and services chart a route through these hard times.  In typically prudent accountant-esque cost-cutting action, , CIPFA is offering Early Bird rates until 13 April 2009.

CIPFA invites members to AAT council roles

Wednesday, February 25th, 2009

CIPFA is inviting institute members to express an interest in various AAT posts:

Since the AAT was formed in 1980, each of its sponsoring bodies has been entitled to nominate three of its own Members to serve on the Council of the AAT. In addition to the substantial contribution our nominees make to the governance of the AAT, CIPFA is proud that five Presidents of the AAT have been Institute members, the most recent being Trevor Salmon. This year’s representatives, who have all now served  three annual terms, are Sarah Wood, Anne Britton and Mike Evans, and the Institute Council pays tribute to the highly-valued contribution they have made to the AAT on our behalf in that time.

CIPFA has an established protocol for the annual selection of its three nominees, and the process is the responsibility of the Institute’s Nominations Committee. It is now inviting Institute members to express interest in the posts; so that the highest level of communication can be maintained with the AAT, one of the three nominees must also be a current member of the Institute Council.

CIPFA report explores FD roles in Public Sector

Wednesday, February 18th, 2009

CIPFA has issued its draft Statement on the Role of the Finance Director in Public Service Organisations for consultation. It sets out an overarching principles-based framework which is intended to apply to all Finance Directors irrespective of the particular part of the public services in which they work.

The Statement draws on the best practice and regulatory requirements in the various sub-sectors of the public services, as well as the requirements of CIPFA and other professional accountancy bodies’ codes of ethics and professional standards.

It sets out organisational requirements, for many of which the Finance Director would take lead responsibility. Individual requirements are presented alongside these to capture behaviours and skills necessary to deliver the role successfully

CIPFA proposes LGPS regulation changes

Monday, October 20th, 2008

A CIPFA report based on the findings of a survey of Local Government Pensions Scheme (LGPS) managers will recommend that changes are needed to simplify and modernise the LGPS investment regulations.

In their report to the CIPFA Pensions Panel (who commissioned the work), a group of senior LGPS managers, under the chairmanship of Peter Scales OBE, is considering a number of detailed recommendations aimed at clarifying the rules on permitted investments and borrowing, and the use of overseas investment managers.

Speaking yesterday at the IRR Local Government Pension Investment Forum, Peter outlined the emerging findings and reported that the working party is currently finalising it’s report and recommendations in light of current financial and economic conditions, with a view to submitting its final report later this year.

CIPFA plans to work with both the Department for Communities and Local Government (CLG) and LGPS administrators to use the suggested changes to improve investment management within a stronger, modern investment framework.

CIPFA supports local government IFRS

Monday, October 13th, 2008

CIPFA/LASAAC has announced a new governance framework for the Code of Practice on Local Authority Accounting. The new Code for 2010/11, when local authorities will complete their transition to IFRS-based reporting, will be prepared under the oversight of the Financial Reporting Advisory Board (FRAB) rather than the Accounting Standards Board (ASB) as for previous years.

Under the new governance framework CIPFA/LASAAC remains the accounting standard setter for local authorities. The Code will also continue to be the authoritative source of accounting guidance for local authorities across the UK, although it will no longer be badged as a Statement of Recommended Practice (SORP).

Nick Bennett, Public Sector partner at Scott-Moncrieff and Chair of CIPFA/LASAAC* said:

‘The new FRAB-linked framework for the Code will allow local government to participate directly in the same standard setting process as central government and the NHS for the first time. I am delighted that we have also been able to bring the best of the ASB’s regime into the new framework.’

The new governance framework will also formalise certain aspects of the FRAB’s processes. In particular the role of International Public Sector Accounting Standards (IPSASs) will be specified for the first time. The EU-adopted versions of IFRS remain the top level in the UK public sector accounting standard setting hierarchy. IPSAS will be used to assess any interpretations or adaptations for the public sector context.