accountancy regulation Archives - Page 2 of 5 - Whitefield Tax - Isle of Wight Accountants

ACCA – Update of UK-Irish GAAP on the horizon

by Jessica Garbett | Jul 22, 2022 | ACCA, accountancy regulation, financial reporting

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA We examine the emerging issues for non-profits The Financial Reporting Council (FRC) is committed to updating the suite of standards...

ACCA – Updated accounting standards from 1 January 2021

by Jessica Garbett | Mar 11, 2022 | ACCA, accountancy regulation, business issues, financial reporting

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA The FRC has issued latest editions of UK and Ireland accounting standards to use for financial years beginning on or after 1 January 2021...

The usefulness of FRS 105 and the micro-entity regime

by Jessica Garbett | Sep 4, 2017 | ACCA, accountancy regulation

Micro-entity regime The UK introduced an optional company law reporting regime for micro companies in 2013. While still requiring a balance sheet to be prepared and filed, it allowed for minimal accompanying disclosure requirements in those accounts, subject also to...

FRS 102: a great early change

by Jessica Garbett | Jun 5, 2017 | ACCA, accountancy regulation, business issues, financial reporting

Welcome changes ahead in FRED 67. Well done FRC. Last month we highlighted that the triennial review has taken place and the FRC in FRED 67 Draft amendments to FRS 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland is proposing a few...

Pension Scheme SORP 2015

by Jessica Garbett | Dec 21, 2015 | ACCA, accountancy regulation, financial reporting

In November 2014 the Financial Reports of Pension Schemes: A Statement of Recommended Practice (2015) was issued. This SORP is applied for all pension scheme years commencing on or after 1 January 2015 or earlier if a scheme adopts FRS 102. The main changes due to...

Micro and small entity reporting and replacing the FRSSE

by Jessica Garbett | Nov 20, 2015 | ACCA, accountancy regulation, financial reporting

The withdrawal of the FRSSE in 2016 will herald significant changes for micro and small entities. In July 2015, the Financial Reporting Council finalised its overhaul of UK GAAP, introducing a new financial reporting framework for micro and small reporting entities...

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ACCA – Update of UK-Irish GAAP on the horizon

ACCA – Updated accounting standards from 1 January 2021

The usefulness of FRS 105 and the micro-entity regime

FRS 102: a great early change

Pension Scheme SORP 2015

Micro and small entity reporting and replacing the FRSSE

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