Publication - Advice and guidance

Health and social care integration: finance guidance

Published: 26 Jun 2015
Part of:
Health and social care

Guidance on financial matters relating to health and social care integration, for the assistance of health boards and local authorities.

Health and social care integration: finance guidance
7 Accounting standards

7 Accounting standards

7.1 Overview

7.1.1 The accounting standards as adapted for the public sector will apply to the Integration Joint Board and it is anticipated that the Code of Practice on Local Authority Accounting in the UK will be the applicable guidance for their interpretation.

7.1.2 The Local Authorities and Health Boards will continue to use the existing guidance in the preparation of their financial statements as well as consolidate the Integration Joint Board as a joint arrangement. Further guidance on the reporting requirements is in section 3.1.2.

7.2 Draft IFRS

7.2.1 Guidance relating to future changes to the reporting standards will be through the existing arrangements for the amendment of the Local Authority Code of Practice and Unified Board Accounts Manual.