Review of Accounting Policies 2022-23
GOVERNANCE AND PERFORMANCE WORKING GROUP
27 February 2023
REPORT OF DIRECTOR OF FINANCE/TREASURER
| OPEN | INFORMATION | ITEM 11 |
1) Purpose of Report
- To present the draft accounting policies for review by members and highlight changes from last year.
2) Recommendation
- Members note the accounting policies for producing the 2022/23 Statement of Accounts.
3) Information and Analysis
- The Authority must publish its draft accounts by the 31st May, as per the Accounts and Audit Regulations 2015. It is best practice for the Audit Committee, or in DFRS case, the GPWG to review the accounting policies in advance of production of the Statement of Accounts.
- The accounting policies adopted by DFRS remain consistent with the guidance provided in the Code of Practice on Local Authority Accounting in the United Kingdom 2022/2023 and are unchanged from 2021/22.
4) Legal Considerations
- The policies within this report ensure compliance with the Code of Practice on Local Authority Accounting in the United Kingdom 2022/23.
5) Other Considerations
- None.
This report has been consulted upon and approved by the following officers:
Strategic Leadership Team
Contact Officer: Mark Nash Contact No: 01773 305 410
Background Papers: None.