Peter Worth

Director @Worth Technical Accounting Solutions Ltd

Washington, GB
MOBILE NUMBERS
+91 *********19

Signup · Get unlimited contacts

WORK HISTORY

Nov 2012 — Present

Director @Worth Technical Accounting Solutions Ltd

View department →

York, GB

Providing interim support and consultancy services for local authorities, clients to date include 3 London boroughs, a metropolitan and unitary authorities, a local government pension fund and a joint waste authority. Working as a consultant, I was proud to be part of the closedown team at Westminster City Council that was first in the UK to publish audited accounts for both 2014/15 (by 18 May 2015 ) and 2015/16 (by 15 July 2016). I have a proven track record in helping local authorities to deliver high quality year end accounts with a clear audit trail, leading to a smooth audit process, reduced fees, and no material errors identified.Other consultancy work has identified budget savings of up to £50m through reviews of Minimum Revenue Provision and capital financing calculations, and HRA accounting. Work with a London borough led to significant improvements in Collection Fund accounting and business processes, reducing overall local tax arrears by £16m.I have provided accounting views on a range of subjects including group accounting, PFI and leasing, debt rescheduling, Financial Instruments, capital accounting and financing calculations. I have also developed estimation techniques for complex provisions and accruals. These have all been accepted by external audit, successfully resolving potential problems at an early stage. I have provided training for finance staff all levels, as well as 1-to-1 coaching and mentoring for chief accountants and section 151 officers. I have also provided training for elected members on \"understanding the accounts\".I have authored CIPFA\'s annual Local Government Pension Scheme (LGPS) Example Year-End Accounts since 2012/13, co-authored CIPFA\'s LGPS Management Costs Guidance, as well as CIPFA\'s Good Practice Guidance on Preparing LGPS annual reports. I have also contributed to CIPFA\'s annual Code of Practice Guidance Notes for Practitioners. I am a regular speaker at CIPFA conferences, workshops and events.

EDUCATION

1980 — 1985

The Manchester Metropolitan University

CIPFA

1977 — 1980

The University of Birmingham

BA (Honours)

SKILLS

Treasury ManagementCorporate GovernancePublic SectorPfiAuditingManagementIfrsManagement AccountingInternal AuditExternal AuditRisk AssessmentGovernanceStakeholder EngagementInternational Financial Reporting Standards (Ifrs)Internal ControlsFinancial RiskPrivate SectorFinanceAccountingLocal GovernmentAssuranceSocial HousingFinancial ReportingService ImprovementManagerial FinancePerformance Improvement

ABOUT PETER WORTH

A recognised authority on local government accounting, I have contributed to and…

This profile is compiled from publicly available professional sources. Unifers is not affiliated with or endorsed by LinkedIn. Request removal of this profile.

Peter Worth — Director at Worth Technical Accounting Solutions Ltd in Washington, GB | Unifers