Comment deadline for CIPFA/LASAAC consultation on incorporating the requirements of IFRS 16 into the new Code of Practice on Local Authority Accounting
The Chartered Institute of Public Finance and Accountancy (CIPFA) and the Local Authority (Scotland) Accounts Advisory Committee (LASAAC) are seeking comments, via an ‘Invitation to Comment’, on proposals to incorporate the requirements of IFRS 16 ‘Leases’ into the 2019/20 Code of Practice on Local Authority Accounting in the UK (‘the Code’) which would apply to accounting periods beginning on or after 1 April 2019. Comments are requested by 7 September 2018.