Regarding the urealised gains and losses taken to the p&l, I thought that these would go into a reserve instead, say like a "fair value reserve". Or am I thinking of something else?
So now we have FRS 100, 101, 102 where we can use IFRS, FRSSE or full standards as before? Along with the new rules with EU groups where the parent resides in EU then the sub needs no audit as they will guarantee it etc etc, seems to me its getting more complex, lets just have an audit for everything and anything and get it over with.
My answers
Regarding the urealised gains and losses taken to the p&l, I thought that these would go into a reserve instead, say like a "fair value reserve". Or am I thinking of something else?
Crazy
All I can say is that this is madness. A convicted killer of 4 people including a 4 year old and he can do this? Absolute nonsense.
Crime sure does pay.
more confusion
So now we have FRS 100, 101, 102 where we can use IFRS, FRSSE or full standards as before? Along with the new rules with EU groups where the parent resides in EU then the sub needs no audit as they will guarantee it etc etc, seems to me its getting more complex, lets just have an audit for everything and anything and get it over with.