UK authorities predict the end of UK GAAP?
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.
