Ian Mackintosh on IFRS for SMEs and UK GAAP changes
Posted by Gina Dyer in Financial reporting on Fri, 20/11/2009 - 10:03
- The IASB issued IFRS for SMEs and the ASB recommends picking it up for medium sized UK firms
- The ASB has also put forward new proposals for UK GAAP
- These proposals suggest publicly accountable companies should use full IFRS
- The new proposals aim to create less complex financial reporting in the UK
Ahead of his lecture at next week’s Institute of Certified Bookkeepers Annual Conference, ASB chairman Ian Mackintosh lays out the organisation’s vision for a ‘more rational’ financial reporting system.
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