Wragge Lawrence Graham & Co

UK 200 2014 position: 28

FRC publishes amendments to FRSSE

On 29 April 2014 the Financial Reporting Council (FRC) published amendments to the Financial Reporting Standard for Smaller Entities (FRSSE) to take account of the recently implemented Small Companies (Micro-Entities’ Accounts) Regulations 2013 (SI 2013/3008).

The Regulations permit micro-entities (the UK’s smallest companies) to prepare ‘abridged’ financial statements with limited accompanying notes. Qualifying companies can therefore use simplified formats for their balance sheet and profit and loss account. The Regulations also introduce a presumption that the accounts give a true and fair view of the company’s financial position if they comply with the minimum requirements…

Click on the link below to read the rest of the Wragge Lawrence Graham & Co briefing. 

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Briefings from Wragge Lawrence Graham & Co

View more briefings from Wragge Lawrence Graham & Co

Analysis from The Lawyer

  • Paul Wilson

    Regional: attempted merger

    Alliances, failed and successful, are the story of the year outside London

  • Belinda Bradberry

    Interior designs

    Polish up your retention policy - private practice lawyers are increasingly eyeing in-house roles

View more analysis from The Lawyer

Overview

2 Snowhill
Birmingham
B4 6WR
UK
http://www.wragge-law.com/

Turnover (£m): 121.16
No. of lawyers: 440