Issue - meetings

International financial reporting standards

Meeting: 12/01/2011 - Audit and Governance Committee (Item 35)

International financial reporting standards

To receive an update on preparations for compliance with the new international financial reporting standards. 

Minutes:

The committee noted that the 2009/10 statement of accounts had been restated to meet the requirements of the new international financial reporting standards and to provide a base for the 2010/11 accounts.  Subject to the Audit Commission being satisfied with the restated accounts, this completed the council’s preparations to meet the new standards. 


 

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