Costing Standards Timeframe

Closed 29 Nov 2019

Opened 21 Oct 2019

Overview

The current Approved Costing Guidance (ACG), mandates that the costing standards (information requirements, costing methods, costing approaches and integrated technical document) be issued in the January before the start of the financial year for which they are to be applied.

As a result of this updates to costing standards are not applied until 18 months after they have been originally issued. This timeframe has been raised as an issue by some trusts, and we are therefore looking at ways to streamline the process.

As such, we would very much appreciate you completing this survey which seeks your views on potentially changing the time between issuing the standards and the corresponding collection.

Please refer to the FAQs on costing standards attached at the bottom of this page before completing the survey.