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Audit backstop: will councils face borrowing and credit rating challenges?

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With the first audit backstop date fast approaching, how will it affect local authorities’ ability to borrow and secure credit ratings?

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As the 13 December backstop date looms, the Ministry of Housing Communities and Local Government (MHCLG) has released a policy paper outlining the consequences of the

Backstop dates and disclaimers, the appearance of the asset ceiling, local government reorganisation, simplification of accounts. Stephen Sheen assesses an eventful 2024 in the world of audit and accounts, and looks at what might happen next.

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