The UK's Accounting Standards Board (ASB) has updated its Financial Reporting Standard for Smaller Entities (FRSSE). The update is a result of changes introduced by the Companies Act (2006). Amongst the changes are:
(a) A 20% increase in the thresholds for qualifying as a smaller company.
(b) A requirement to report separately political and charitable donations (and an increase in the threshold for such donations to £ 2,000).
The updated FRSSE applies to accounting periods beginning on or after 6 April 2008. The ASB has not yet published the updated version but it intends to do so by the end of May. For further information see here. The current version is available here.
Postscript (12 June 2008): The updated FRSSE has now been published here.
Spread The Love, Share Our Article
Subscribe to:
Post Comments (Atom)
Popular entries
-
Incident: Sick Kids physician loses portable hard-drive with unencrypted personal health informationA physician from Sick Kids hospital who decided to travel with a portable hard-drive containing unencrypted health information on 3,300 pat...
-
The Information and Privacy Commissioner of Alberta released a very interesting order today, considering whether the right to freedom of exp...
-
INSOL Europe recently published a report titled Harmonisation of Insolvency Law at EU Law Level : see here ( pdf ). The report outlines di...
-
Apparently the American government is about to implement its latest version of the no-fly list, without data mining using commercial sources...
-
If all those who say they should be in prison are willing to pay for that through their chequebooks rather than mine and many other taxpayer...
-
Section 309 of the California Corporations Code provides that a director must act in good faith, in the manner in which he/she believes to...
-
A few matters on the subject of tenancy deposit protection which I have been meaning to comment on for a while. The August issue of Legal Ac... -
On June 23, Australia's Parliamentary Joint Committee on Corporations and Financial Services published a report titled Better sharehold...
-
Several months ago the Court of Appeal gave judgment in Moore Stephens (a firm) v Stone & Rolls Ltd [2008] EWCA Civ 644 and it would ap...
-
"Police tried to calm the teen, but Holyfield became combative, according to the statement. Officers fired the stun gun at him after he...
Comments
Post a comment on: UK: ASB: FRSSE updated