ASB, ICAEW & Company Law update - September 2003
This edition on financial reporting developments in the UK highlights a draft application note on FRS 5, ongoing developments stemming from the Company Law Review and a technical release from the ICAEW offering guidance on the determination of 'realised profits' and 'realised losses' for the purposes of the Companies Act 1985. The latest developments from the International Accounting Standards Board are covered in a separate digest.
1. Accounting Standards Board (ASB)