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We comment on updated draft SORP for Limited Liability Partnerships

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17 Oct 2018

We have published our comment letter on the Consultative Committee of Accountancy Bodies' (CCAB's) Exposure Draft on an updated Limited Liability Partnerships (LLPs) Statement of Recommended Practice (SORP).

The Exposure Draft proposed updates to the LLP SORP which are required as a result of amendment to FRS 102 resulting from the first Triennial Review of the Standard in December 2017.

Overall we believe that the proposed revisions are appropriate.

Our full comments to all questions raised in the invitation to comment are contained within our comment letter.

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