Friday, July 17, 2009 | Posted by: Jake Green
Categories:
Future of UK GAAP,
UK GAAP
| Tags: IFRS,
UK GAAP,
UK economy,
SMEs,
Jake Green,
IASB
On Thursday the IASB issued the IFRS for SMEs and in my view, they have done really well to develop a new standard which is designed specifically for non-listed companies.
The question we in the UK now need to ask ourselves is can it and should it replace UK GAAP?
Friday, July 17, 2009 | Posted by: Chris Smith
Categories:
Future of UK GAAP,
UK GAAP
| Tags: Chris Smith,
IFRS,
UK GAAP,
FRSSE,
UK economy,
ASB,
IASB
It’s here! On 9 July the IASB finally published its IFRS for SMEs distilling more than 2,000 pages of full IFRS into a mere 250, a notable achievement indeed.
Friday, July 17, 2009 | Posted by: Christine Corner
Categories:
Future of UK GAAP,
UK GAAP
| Tags: IFRS,
FDs,
UK GAAP,
FRSSE,
UK economy,
SMEs,
ASB,
IASB,
Listed companies,
Christine Corner
The transition to IFRS for listed companies was a difficult, time-consuming and expensive period for many companies and their FDs. So the concern will be is this also going to be the case for private companies? Should entrepreneurs and their FDs be worried?
