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NHS: Accountancy

Volume 487: debated on Tuesday 10 February 2009

To ask the Secretary of State for Health what assessment he has made of the likely effects of the adoption of International Financial Reporting Standards from April 2009 on the revenue of NHS organisations; and if he will make a statement. (255575)

National health service organisations are currently completing their 2009-10 plans and will be assessing the revenue impact of introducing international financial reporting standards (IFRS) as part of this planning process.

The 2009-10 operating framework requires NHS organisations to submit their final IFRS compliant financial plans for 2009-10 by the end of March 2009 and as such, the detailed financial impact of moving to IFRS is not currently available.