18 May 2015

This May CIPFA will publish new guidance to the Transport Code that aims to provide practical assistance to enable local authorities to implement the code effectively.

This guidance is intended to be of value to both local authority highways asset managers and finance teams responsible for the completion of the Statements of Account. The aims of the guidance are:

• to provide finance teams with the details of the valuation approach taken by engineers and the systems and processes involved; and
• to give engineers details of the information required by accountants.

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