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ICAEW’s Public Sector Conference on 10 December ended with a rallying call from Tony Juniper CBE, chair of Natural England, leading one participant to say, “I am very much inspired to inject some energy into a cross-function sustainability group in my department”.
The Comptroller and Auditor General has urged accountants working in or with the public sector to attend ICAEW’s virtual public sector sustainability conference on 10 December.
A relatively large increase in central government funding for local authorities is likely to be offset by a below-inflation council tax rise next year. Further cuts may be needed to balance the books in local authorities facing rising costs on top of low reserves.
THE Covid-19 pandemic could be an opportune time for Malaysia to adopt accrual accounting for its public sector, as it could be the building block needed to enhance the public’s trust in government finances.
4 March 2021: ICAEW has welcomed the short-term support announced by the Chancellor but warns that more long-term help will be needed as the impact of COVID-19 may be with us into the next decade. ICAEW Chief Executive Michael Izza has called measures announced by the Chancellor in his March 2021 Budget to protect jobs and livelihoods an “effective bridge” to enable companies to plan effectively over the next six months. In his much-anticipated ‘Bounceback Budget’, Rishi Sunak unveiled a package of support including extensions to the two major income support schemes, a...