Reporting requirements simplified for small companies

Posted by on 21 July, 2015
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This item was filled under Tax

The Financial Reporting Council (FRC) has updated and simplified UK and Ireland accounting standards. The changes are in response to the implementation of the new EU Accounting Directive and include:


 


  • a new standard, FRS 105 Financial reporting standard applicable to the micro-entities regime and the withdrawal of the Financial …
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