Issue - meetings
International Financial Reporting Standards
Meeting: 27/09/2010 - Audit Board (this committee has been combined with the Audit, Standards & Governance Committee and no longer meets) (Item 27)
27 International Financial Reporting Standards - update 
PDF 111 KB
Additional documents:
Minutes:
Consideration was given to a report which informed Members of the progress made for the transition to International Financial Reporting Standards. The report highlighted that key staff who had an input into the transition had been identified and, where required, guidance/support had been sought from outside the Council. Where possible this had been done though the Hereford and Worcester Finance Managers Group and in addition KPMG had offered advice through a joint purchasing arrangement with Redditch Borough Council.
RESOLVED:
(a) that the Council’s preparations for the introduction of International Financial Reporting Standards be noted; and
(b) that the progress made to date for the introduction for compliance with the International Financial Reporting Standards as set out in Appendix 1 to the report be noted.