RSSArchive for August, 2016

Aug

31

Changes to the LLP SORP

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Changes to the LLP SORP

In August 2016, the Consultative Committee of Accountancy Bodies (CCAB) issued Draft Statement of Recommended Practice – Accounting by Limited Liability Partnerships which is open for comment until 1 November 2016.  The proposals make amendments to the latest edition of the SORP which was last issued on 15 July 2014. SI 2016/575 The Limited Liability […]

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Aug

12

FRS 102 and related parties for small companies

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FRS 102 and related parties for small companies

One of the notable impacts of the EU Accounting Directive (‘the Directive’), which is reflected in the Companies Act 2006, is to reduce the levels of disclosures which a small company is required to make in its financial statements.  FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland is mandatory […]

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