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The QCA Financial Reporting Committe produced on this response to the Accounting Standards Board (ASB) request for feedback on their impact asssessment for the upcoming Financial Reporting Exposure Draft (due out in Autumn 2010), which has arisen from the Future of UK GAAP consultation.  The QCA argued that we are not currently persuaded that the case for changing from the existing financial reporting arrangements has been satisfactorily made and we can see reasons for delaying such a change.

Click here to read the response (pdf)

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