Change on the way: accounting in education, housing and charities

Today I am heading for London. I am on CIPFA’s FE/HE Panel. One of the items on the agenda is convergence towards International Financial Reporting Standards in the accounting for the education, housing and charities sectors (so-called UK “public benefit entities”).

The week before last I was at a consultation event for these “third sector” sectors following an Accounting Standards Board discussion paper. A key issue for debate is whether there is a need for further sector guidance, possibly filling a similar role to the SORP guidance for these sectors. I think this a recognised need within the three sectors as they have together and individually particular issues. I am confident that accounting regulators are listening.