The Financial Reporting Council is consulting on proposed amendments to UK and Irish GAAP: see here. The proposed amendments include withdrawal of the Financial Reporting Standard for Smaller Entities (FRSSE) for accounting period beginning on or after 1 January 2016 and a new accounting standard for micro-entities.
Thursday, 19 February 2015
UK: FRC consults on amendments to UK and Irish GAAP
The Financial Reporting Council is consulting on proposed amendments to UK and Irish GAAP: see here. The proposed amendments include withdrawal of the Financial Reporting Standard for Smaller Entities (FRSSE) for accounting period beginning on or after 1 January 2016 and a new accounting standard for micro-entities.
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