Steve Collings

Many companies in the UK and Republic of Ireland with December 2015 year-ends are in their first year of reporting under new UK GAAP - FRS 102 The Financial Reporting Standard applicable in the

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This is the second in a two-part series relating to the transition across to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. 

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On 29 August 2014, the Department for Business Innovation and Skills (BIS) issued a consultation document on how it intended to implement the new Accounting Directive, explains Steve Collings.

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FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland becomes mandatory for accounting periods commencing on or after 1 January 201

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The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) is to become mandatorily effective for accounting periods commencing on or

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The accounting scandal at Tesco has caused a crisis for the UK’s biggest supermarket and put its auditor PwC un

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Section 33 of FRS 102 dealing with related party disclosures has been posing some headaches for early preparers.

The term ‘financial instruments’ often results in accountants glazing over, says Steve Collings.

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KPMG has invited all its listed client companies to include in their annual reports broader qualitative commentary from the auditor.

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The Solicitors Regulation Authority (SRA) opened a consultation earlier this year, on the future of accountants’ reports for firms handling client monies. 

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