The future of UK GAAP: Your questions answered

 

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) Financial Reporting Exposure Drafts (FREDs) on the future of financial reporting in the UK and Republic of Ireland.

 

The publication provides answers to questions on:

  • the nature and scope of the ASB’s proposals for a new 3-tier system of reporting in the UK
  • the Financial Reporting Standard for Medium Sized Entities (FRSME)  and its adoption
  • adoption of full IFRS and discussion around when companies should consider moving to IFRS

 

The future of UK GAAP: Your questions answered, is based on current developments in the move to IFRS / FRSME in the UK as at 1 November 2010.

 

Contact one of our specialists to discuss how your organisation will be affected by the ASB’s proposals, and find out how PwC can support your conversion to IFRS.