The QCA Financial Reporting Committee examined the IACEW’s draft guidance on the determination of realised profits and losses in the context of distributions under the Companies Act 2006. The QCA commented that we feel that the guidance is a useful interpretation of the law as it stands. However the law, in our opinion, needs to be changed.
QCA Response to the ICAEW's Technical Release 07/08
The QCA Financial Reporting Committee examined the IACEW's draft guidance on the determination of realised profits and losses in the context of distributions under the Companies Act 2006.
