Comment deadline for LLP SORP ED
The Consultative Committee of Accountancy Bodies (CCAB) has published an Exposure Draft on a new Statement of Recommended Practice (SORP) which sets out a new framework for accounting by Limited Liability Partnerships (LLPs) (“LLP SORP”).
The Exposure Draft of the LLP SORP proposes updates to the previous SORP (2010) to reflect the requirements of FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’.
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