1 / 10

Role of the CFO Simplification of Reporting

Role of the CFO Simplification of Reporting. Alison Scott Policy and Technical Assistant Director, CIPFA CIPFA Conference 2 July 2014. Statement on Role of the CFO Aims. To promote the role and importance of the CFO

rashida-turan
Download Presentation

Role of the CFO Simplification of Reporting

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Role of the CFO Simplification of Reporting Alison ScottPolicy and Technical Assistant Director, CIPFA CIPFA Conference 2 July 2014

  2. Statement on Role of the CFO Aims • To promote the role and importance of the CFO • To be the definitive source on CIPFA’s expectations of members in the role • To provide guidance

  3. Role of the CFO

  4. Role of the CFO

  5. Role of the CFO – Current Issues • Joint management teams. • Support services provided through either public service joint arrangements or through outsourcing. • Services provided through third parties. • Potential for conflicts of interest.

  6. Role of the CFO – Revised Statement • To deal more explicitly with partnerships and third party provision. • Revised statement to be published late 2014. • Currently seeking initial views and thoughts. • Wider consultation over the summer.

  7. Questions / Discussion Alison Scott Assistant Director, Policy and Technical CIPFA E: alison.scott@cipfa.org www.cipfa.org

  8. Simplification of Accounts - Background • Long standing projects for both CIPFA/LASAAC and HMT • Good practice guide December 2013 • Updated “Telling the Story”, July 2014 • CFOs “getting out the red pen” • Integrated reporting project • Revised Accounts and Audit Regulations

  9. Simplification of Accounts - Proposals • Aims • To make the Statement of Accounts more relevant to the individual authority. • To improve accessibility and promote understanding • To maintain financial reporting standards • Suggested approach • Look for opportunities to cut out immaterial information • Implement Narrative Reporting • Align the CIES with individual authority budget structures • Take a fresh look at MiRS

  10. Questions / Discussion Alison Scott Assistant Director, Policy and Technical CIPFA E: alison.scott@cipfa.org www.cipfa.org

More Related