Code of Practice on Local Authority Accounting in the United Kingdom: Disclosure Checklist for 2023/24 Accounts (online)
Summary
This is the online, digital version of the the Code of Practice on Local Authority Accounting in the UK: Disclosure Checklist 2023/24. If you are responsible for preparing or auditing local authority accounts in the UK, including all three devolved nations, this checklist will provide all the authoritative guidance you are looking for to ensure that the requirements of the Code are met. This year, the requirements for all three nations are included in one checklist.
Format
Online
Published
January/2024
Author
CIPFA
£520.00 excl VAT
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This is the online version of the publication, which offers you a bookmarked, downloadable PDF that can be shared throughout your organisation, plus an interactive Word version. The main publication is also available in hard copy.
The 2023/24 version of the Disclosure Checklist has been updated to reflect the reporting requirements introduced by the 2023/24 Code of Practice. This annual publication is for finance practitioners in local authorities and external audit agencies and firms in England, Scotland, Wales and Northern Ireland.
The checklist is in the form of a series of questions. If the answer to any question is no, then a justification for departing from the Code should be given and potentially disclosed in the accounts where the impact of departures is material.
In addition, the checklist takes account of the streamlining accounts agenda and includes a N/M = Not Material column to reflect the Code’s provisions in paragraph 3.4.2.27, which enable an authority to exclude disclosures that are required by the Code if the information is not material.
The checklist includes useful cross-references to the Code itself where appropriate.
The checklist does not cover the disclosure requirements for pension fund financial statements. CIPFA publishes a separate Local Government Pension Scheme Fund Accounts: Example Accounts and Disclosure Checklist, which includes a pro forma set of example financial statements.