In this article, Steve Collings continues to explore the requirements of FRS 102 that will apply to reporting entities within its scope for accounting periods commencing on or after 1 January 2015, with earlier adoption permissible.
The way FRS 102 will require financial statements to be presented once it has been adopted will largely be...
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- Fair presentation
- The explicit and unreserved statement of compliance
- Going concern
- Frequency and presentation of financial reports and comparatives
- A ‘complete’ set of financial statements