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The Quoted Companies Alliance Financial Reporting Committee has advised on our response to the Accounting Standards Board's (ASB) revised proposals for the Future of Financial Reporting Standards (FREDs 46-48), which outlines a new reporting framework for the UK based on IFRS. We stated that it was particularly pleased to see the scope of the proposals reduced, so that the number of entities required to use EU-adopted IFRS is not widened.

Click here to read the full response (pdf)

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