Hi,
Apologies if this is a simple question but I don't understand why there seems to be a lot of suggestions that early adoption is desirable? Surely whenever this is done the comparatives will need to be restated so what is the benefit of early adoption (other than getting up to speed and taking stress away from the changes)
Thanks
Ben
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Asking for trouble
If you mean early adopt the September 2015 version of FRS 102 (i.e. with the July amendments), then you could have problems in doing so because you would then also have to early adopt SI 2015/980. Can your software cope with that? Presumably that would also entail amending your audit report in line with the new s. 496 included in SI 2015/980.