Future of UK GAAP
Wednesday, July 20, 2011 | Posted by: Grant Thornton
Categories:
Future of UK GAAP,
UK GAAP
| Tags: IFRS,
FRSSE,
Companies Act,
financial reporting,
SMEs,
ASB,
FRSs,
Accounting Standards Board
by Dr Matthew Stroh, Associate Director, Assurance
The ASB (the UK’s Accounting Standards Board) has taken an unexpected decision at its latest Board meeting, which marks a significant shift in its proposals for the future direction of UK GAAP, and means that the UK version of the IFRS for small and medium sized entities might well have a much wider application than originally expected. Until now, their proposals had been based on a three tier structure for UK financial reporting (
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Wednesday, October 20, 2010 | Posted by: Grant Thornton
| Tags: UK GAAP,
financial reporting,
webcast,
FRED,
IFRS,
Well, maybe the excitement builds for us financial reporting enthusiasts. Ok, maybe it’s just me that thinks it’s exciting, but the imminent release of the ASB’s Financial Reporting Exposure Draft (or FRED) marks the next major step towards the overhaul of UK GAAP.
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Friday, September 10, 2010 | Posted by: Grant Thornton
Categories:
Future of UK GAAP
| Tags: IFRS,
IFRS for SMEs,
UK GAAP,
financial reporting,
SMEs,
ASB,
Future of UK GAAP project
This issue should provide the proof, for anyone who suspected otherwise, that the ASB does read and consider the comment letters it receives.
By Katherine Martin, our secondee to the ASB as a Project Director on the Future of UK GAAP project
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Friday, July 09, 2010 | Posted by: Grant Thornton
Categories:
Future of UK GAAP
| Tags: IFRS,
IFRS for SMEs,
UK GAAP,
Companies Act,
financial reporting,
SMEs,
FRSs,
EFRAG,
SSAPs
By Katherine Martin, our secondee to the ASB as a Project Director on the Future of UK GAAP project
Most of us know that the requirements for UK financial statements are set out in FRSs, SSAPs and parts of the Companies Act which together make up UK GAAP. But many people may not be aware that there is an underlying legal requirement to comply with the EU Accounting Directives (often known at the Fourth and Seventh Directives).
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Tuesday, April 27, 2010 | Posted by: Grant Thornton
Categories:
Future of UK GAAP,
UK GAAP
| Tags: IFRS,
IFRS for SMEs,
UK GAAP,
financial reporting,
SMEs,
ASB,
Future of UK GAAP project,
subsidiary accounts
By Katherine Martin, our secondee to the ASB as a Project Director on the
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