The future of UK GAAP: Your questions answered

February 2012

The future of UK GAAP: Your questions answered, tackles some of the questions that have arisen from the publication of the UK Accounting Standards Board’s (ASB) most recent exposure drafts on the future of financial reporting in the UK and Republic of Ireland (RoI).

The publication provides answers to questions on:

  • The nature and scope of the ASB’s proposals, including the main changes from previous proposals
  • The proposed new UK GAAP and the significant accounting differences between this and the current UK GAAP
  • Why companies should consider adopting IFRS, or IFRS with reduced disclosures

The future of UK GAAP: Your questions answered, is based on current developments in the move to IFRS/FRS for UK and RoI as at 1 February 2012.

Contact one of our specialists to discuss how your organisation will be affected by the ASB’s proposals, and find out how we can help you convert to your chosen GAAP.