CIPFA, realpolitik and the audit of grant maintained schools

Article Abstract:

Chartered Institute of Public Finance and Accountancy (CIPFA) has conducted a meeting focusing on UK Department of Education and Science's new draft laws utilizing only the services of appointed accountants to audit grant-aided schools. But CIPFA members feel that the Department of Education and Science, which entered the regulations under the Companies Act of 1989, has committed anomalies. They argue that the draft regulations contradict the Companies Act since schools are treated as companies, when, in fact, they are not. Their exclusion from auditing schools despite their being authorized to audit higher institutes of learning is also highly questionable.

Admin. of educational programs, Conferences, meetings and seminars, Laws, regulations and rules, Accounting and auditing, Federal aid to education, Government aid to education, United Kingdom. Department of Education and Science

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A strategy for the institute

Article Abstract:

The Chartered Institute of Public Finance and Accountancy has proposed significant changes in its consultation document. The innovative scheme will allow the organization to operate more effectively and to improve its management structure. The transformation is required because of the growing demands of an increased number of members of the society. In addition, privatization has altered organizational structures that have affected financial reporting. Financial responsibilities in the private sector have also been decentralized and have devolved to service and business managers and to CEOs.

Methods

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Risk and management change

Article Abstract:

Government accountants should uphold and enhance their code of standards to ensure professional advancement and stability. Despite private sector criticism of public services, there never was an instance that a government institution collapsed. The private sector can take lessons from the public sector whose managers are adaptive to both economic and social changes. Public accounting practitioners should realize that the failure of one can be used to judge the entire profession. Hence, standards must always be observed to maintain the image of public service.

General government, not elsewhere classified, Standards, Management, Private sector, Accountants, Public administration

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