SCS EPISODE 124. ACCOUNT-ABILITY? PART 5

SCS EPISODE 124. ACCOUNT-ABILITY? PART 5

In this continued look at the Government Financial Reporting Manual we briefly go over Chapter 9 and then start into Chapter 10.

A key piece of information here is the definition of ‘road surface’ as a ‘network asset’, which leads into a report from the LGA, whereby projection is worthy of note.

Groundwork for heritage assets is laid for Natural Asset Companies, and contradictions around valuation are blatant.

The level of detail we all need to be paying attention to, in the absence of any actual scrutiny, is up to us. We’re the only ones that will establish accountability.

Links:

Minds @paulbuckingham
‘X’ @Sisyphuscomplex
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ICPR 1200 Limited
http://www.icpr1200.com/

Open policy papers and consultations
https://www.gov.uk/search/policy-papers-and-consultations?content_store_document_type%5B%5D=open_consultations&order=updated-newest

Open petitions
https://petition.parliament.uk/petitions?state=open

Government Financial Reporting Manual 2022/23
https://www.gov.uk/government/publications/government-financial-reporting-manual-2022-23

IAS 16
https://www.ifrs.org/content/dam/ifrs/publications/pdf-standards/english/2021/issued/part-a/ias-16-property-plant-and-equipment.pdf

Soaring cost of local road building and maintenance revealed
https://www.newcivilengineer.com/latest/soaring-cost-of-local-road-building-and-maintenance-revealed-01-09-2022/

IFRIC 12 Service Concession Arrangements
https://www.ifrs.org/issued-standards/list-of-standards/ifric-12-service-concession-arrangements/
https://www.ifrs.org/content/dam/ifrs/publications/pdf-standards/english/2021/issued/part-a/ifric-12-service-concession-arrangements.pdf