ICAEW webinar on distributable profits

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23 Mar, 2016

The Institute of Chartered Accountants in England and Wales (ICAEW) will be hosting a webinar on distributable profits on April 27.

The webinar will recap the law for distributable profits and also include a discussion of the key changes proposed by the ICAEW and the Institute of Chartered Accountants of Scotland (ICAS) in their recently issued joint exposure draft TECH 05/16BL.  

TECH 05/16 BL will, when finalised, replace TECH 02/10 Guidance on the determination of realised profits and losses in the context of distributions under the Companies Act 2006 (link to ICAEW website) which requires updating as a result of changes to International Financial Reporting Standards (IFRSs) and UK Accounting Standards (notably the introduction of Financial Reporting Standard (FRS) 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland) and the need to provide additional guidance on a number of areas that have arisen in practice. 

Further details as well as registration details are available on the ICAEW website.

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