Briefing / Financial reporting watching brief 2023/24 and beyond
Two new accounting standards have been published since the last update but they have not yet been adopted for use in the UK.
The public sector accounting manuals have been updated to reflect final changes for 2023/24. Manuals for 2024/25 have been published.
This briefing covers changes and developments in accounting standards, best practice in financial reporting and government reporting requirements. It covers the current financial year but also looks ahead to identify changes which will affect the NHS in the future. The briefing is produced for each Accounting and Standards Committee meeting and is updated four times a year.
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