Friday, June 24, 2011 | Posted by: Grant Thornton
Categories:
Future of UK GAAP
| Tags: IFRS,
IFRS for SMEs,
UK GAAP,
SMEs,
ASB
It seems that the ASB has had a dramatic change of heart on the issue of public accountability and the adoption of ‘full’ IFRS.
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
Friday, July 09, 2010 | Posted by: Grant Thornton
Categories:
Future of UK GAAP
| Tags: IFRS,
IFRS for SMEs,
UK GAAP,
financial reporting,
Companies Act,
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).
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
Monday, March 01, 2010 | Posted by: Jenny Brown
Categories:
Future of UK GAAP,
UK GAAP
| Tags: IFRS,
IFRS for SMEs,
SMEs,
ASB,
Not for proft,
Jenny Brown
After weeks of frantic drafting and redrafting of responses to the ASB’s consultation it now feels like the calm before the storm - waiting for the real decisions to start being made….
Tuesday, January 26, 2010 | Posted by: Jenny Brown
Categories:
Future of UK GAAP,
UK GAAP
| Tags: IFRS,
charity,
IFRS for SMEs,
SMEs,
not-for-profit
Who should the IFRS for SMEs apply to?
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?
Tuesday, August 25, 2009 | Posted by: Jake Green
Categories:
Future of UK GAAP,
UK GAAP
| Tags: IFRS for SMEs,
UK GAAP,
Jake Green,
UK practitioners,
ASB consultation
On Tuesday 11th August the ASB pinned their colours to the mast and issued a consultation paper on their proposals for the future of UK GAAP. In the paper the ASB announced that they propose replacing UK GAAP with the IFRS for SMEs for accounting periods beginning on or after 1 January 2012.
