The ASB issued its statement on the CIPFA/LASAAC Code of Practice on Local Authority Accounting in the United Kingdom 2004 (A Statement of Recommended Practice) in June. The SORP is scheduled to be published on 26 July.

The Charity Commission has issued an exposure draft of an update to the Charities SORP, which will apply to accounting periods beginning on or after 1 March 2005. The consultation closes on 1 October 2004.