Issue - meetings
Debbie Randal's Accounts Policy?
Meeting: 09/06/2011 - Audit Board (this committee has been combined with the Audit, Standards & Governance Committee and no longer meets) (Item 7)
7 International Financial Reporting Standards (IFRS) update and draft Accounting Standards 
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Additional documents:
Minutes:
Consideration was given to a report which requested Members to note progress made in the implementation of the new International Financial Reporting Standards (IFRS) and to approve the proposed draft Accounting Standards in preparation for the 2010/2011 Accounts.
The Executive Director Finance and Corporate Resources presented the report and informed Members that officers had completed the following work; reinstatement of the 2008/2009 balance sheet and the 2009/2010 accounting statements. This had included a review of all Asset Categories and the production of a new Asset Register on the IFRS basis.
RECOMMENDED:
(a) that the current position with regard to the implementation of International Financial Reporting Standards (IFRS), be noted; and
(b) that the Accounting Policies as set out in Appendix 1 to the report, be approved.