ICAEW discussion forum on the proposed changes to small company reporting
The Institute of Chartered Accountants in England and Wales (ICAEW) is to hold a half day discussion forum on 15 September 2014 to discuss changes to small company reporting as a result of the new EU Accounting Directive (“the new Accounting Directive”) and amendments to UK accounting standards as a result; including the Financial Reporting Standard for Smaller Entities (FRSSE).
The Department for Business, Innovation and Skills (BIS) issued a consultation on the UK implementation of the new Accounting Directive in August 2014.
The FRC is expected to issue a consultation seeking stakeholders’ views on its outline plans for bringing small entities within the scope of FRS 102 (with reduced disclosures) and proposals for a new Financial Reporting Standard for Micro-entities (FRSME) based on the new micro-entities regime. This consultation will be issued shortly after the consultation by BIS is published.
The ICAEW forum is intended to encourage debate about both consultations. The forum will comprise three short presentations followed by a question and answer session with the panel.
Further information and registration details are available on the ICAEW website.
