Institutes - CIPFA upbeat on year ahead

CIPFA has strengthened its finances and is in a strong position to meet the challenges facing the public sector, according to its 1998 annual report and accounts.

Published last week, the report outlines priorities for the institute’s future, including a pledge to continue support for the government’s agenda for change. CIPFA has responded to more than 70 consultation documents.

It also highlights activities by the institute’s education and training directorate. A revamped syllabus will be published at the institute’s annual conference in June.

Member services continue to be fundamental, according to the report. CIPFA plans to maintain its role in setting accountancy standards in the public sector, working alongside the Accounting Standards Board.

Chief executive David Adams has surpassed the break-even target the institute’s council set him for the year. CIPFA recorded a surplus of £250,000 for the year ended 31 December 1998 – up from a £685,000 deficit last year – and also strengthened its reserves.

The accounts were audited by PricewaterhouseCoopers.

Institute president Margaret Pratt said: ‘Over the past year CIPFA has continued to promote its core values as the leading accountancy body for financial managers working in and with the public sector.’