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Government Accounting

National Audit Office

"Stark" challenge ahead for government finance staff

Government finance managers, and departmental FDs, need to step up another gear to drive departmental reform and savings

13 Jun 2013

Audit

MPs want government's accounts to be more meaningful

Public Accounts Committee describes Whole of Government Accounts as "elaborate", and must be made more useful

11 Apr 2013

AS2012: Government book-keeping change adds £70bn to the deficit

Chancellor says government is moving Bradford & Bingley and Northern Rock debt onto its balance sheet during Autumn Statement

05 Dec 2012

Argument erupts in parliament committee over draft audit bill

A parliamentary committee heard evidence of pitfalls and gaps in a local audit draft bill

30 Oct 2012

Lack of quality data hinders government's budgeting

Government departments need to better align budgeting and planning, says NAO

18 Oct 2012

Accounting rules must not impede business bank's creation

Think tank urges government to change accounting rules to keep loans needed to create state-backed investment bank off the country’s balance sheet

21 Sep 2012

"No basis" for MPs to offset accountants against tax bill

Advisors say there is "no basis" under which MPs can claim against the cost of hiring accountants, following a dispute between HMRC and IPSA over the matter

22 Aug 2012

Tax inspectors in MPs’ expenses dispute

The taxman and the Independent Parliamentary Standards Authority have clashed over MPs' business costs

21 Aug 2012

McBrides named as UKTI advisor for inbound business

Any business which approaches the UKTI with a view to setting up or expanding within the UK will be referred to a panel of accountants

21 May 2012

Cameron - who has the most important job of all?

Bobby Lane believes accountants have done more than the government in helping nurture and protect businesses

09 May 2012

Come on Cameron, cut out the accounting commentary

Throwaway comments about the profession are harmful. So stop it please, says Accountancy Age

08 May 2012

Cameron: Government 'not a bunch of accountants'

Sorting out government finances not just a business turnaround exercise, says the prime minister

08 May 2012

2,000 senior public staff paid through companies

Hundreds of senior public sector staff are paid through companies, despite working in their department for more than a year

03 May 2012

Government FDs should reveal limited company officials

Treasury looks to ascertain the number of senior government officials working through limited companies

17 Feb 2012

Government wrote off £10.9bn in unpaid tax in 2010

The Public Accounts Committee, chaired by Margaret Hodge, published the first audited Whole of Government Accounts

13 Feb 2012

Government pension scheme qualified by the NAO

Civil Superannuation accounts qualified due to a lack of record-keeping over pension payments

01 Feb 2012

No audit opinion for missing court accounts

Missing information means auditors refused to sign off HM Courts Service accounts

16 Dec 2011

Local government IFRS adoption 'a significant challenge'

Local government has coped well will the "significant challenge" of global accounting standards, watchdog concludes

14 Dec 2011

Tools of the trade

Everything you need to survive an accountancy apprenticeship

02 Dec 2011

Public sector finances must go global

The strength of government accounts is just one reason why investors love Britain, writes Alan Edwards. So shouldn't we push for a global public financial management profession?

28 Nov 2011

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How software as a service can meet the strategic needs of a growing business

Organisations are now looking for a software service that is cost effective, flexible, streamlined and able to meet the needs of the business both today and in the future

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Leader: Will younger generation push for a UK institute?

Will British institutes learn from a New Zealand/Australia merger - or have the Trans/Tasmans already learned from them?

Jo Swinson: More needed but insolvency reform step in the right direction

Consumer affairs minister Jo Swinson writes for Accountancy Age on the incoming reforms to insolvency practitioners’ regulation.

FRC is sounding like a modern day Cassandra

Concerns raised in the FRC's latest round of audit inspections sound strikingly familar. Why has the profession failed to address them?

curtain

Don't COP out of guiding clients through tax mire

Anita Brook of Accounts Assist gives a hands-on guide to Code of Practice 9

Taking Stock: Accountancy and the sheriff of Cumbria

TS loves it when two worlds collide

Colin: Hey diddle (tax) diddle

Colin offers his assessment of the pressure on 'tax havens'

Colin: Don't panic! (about avoidance)

Colin succinctly rounds up the latest court ruling on tax avoidance and advisers' responsiblities

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Briefings

budget-management

Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.

cchcover

iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.