Ichabod's Industries is the trading vehicle of Stephen Sheen.

Stephen is a CIPFA qualified accountant.  The majority of his career was spent as an external auditor with PricewaterhouseCoopers, providing technical support to the firm's local government audit appointments, as well advising others on all aspects of local authority accounting and finance.

Stephen is the acknowledged expert on proper accounting practices for local government and the operation of the Prudential Framework, having been the lead drafter for CIPFA of the following publications:

  • Accounting for Financial Instruments (in development)
  • Accounting for Collaboration (2014)
  • Code of Practice on Local Authority Accounting - Guidance Notes for Practitioners (IFRS version 2010/11)
  • Code of Practice - Disclosure Checklists (2010/11)
  • Group Accounts in Local Authorities - Practitioners' Workbook (2011)
  • Practitioners' Guide to Capital Finance in Local Government (2008)
  • Early Closing Time - A Good Practice Guide to the Prompt Closure of Local Authority Accounts (2004)
He is an active member of the CIPFA Local Authority Accounting and Accounting and Auditing Standards Panels and served on the Prudential Code Working Group (during which time he admits responsibility for devising the Capital Financing Requirement).  Stephen also writes regularly for the Room 151 website.

Stephen Sheen