What does the IFRS for SMEs mean for the not-for-profit sector?
Thursday, January 14, 2010 | Posted by: Jenny Brown
Categories:
Future of UK GAAP
| Tags: education,
IFRS,
charity,
IFRS for SMEs,
SMEs,
ASB,
not-for-profit,
social housing,
SORP
IFRS for SMEs and the not-for-profit sector: the temptation is to dive in and start identifying individual standards or sections, differences and their impact for the sector. However the ASB’s consultation document forces us to start with the real basics. What should the guidance even look like? Who should be responsible for it? How much should there be?