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Financial reporting
- Disclosures in Company Accounts
- [12/10/09] - Disclosures in Company Accounts Referring to Companies Act 1985/2006 and either FRSSE (effective January 2007) or FRSSE (effective April 2008)
- Registrars Rules 2009
- The Registrar of Companies has issued draft rules relating to documents filed on or after 1 October 2009.
- FRSSE 2008
- [15/09/09] - The updated FRSSE may be used by small entities for accounting periods beginning on or after 6 April 2008.
- Online filing and iXBRL
- [07/09/09] - HMRC and Companies House have released a joint news bulletin on the subject of online filing and use of iXBRL
- The Financial Reporting Standards for Smaller Entities (FRSSE): Going Concern and Financial Reporting
- The Financial Reporting Council (FRC) has issued guidance to update directors of small companies on assessing going concern. This guide looks at the use of a short note that can be used to explain how the current economic conditions impact on the company. It is aimed at users who prepare accounts under the FRSSE.
- Going concern materials
- [09/03/09] - An inventory of the available material on going concern.
- FRC Statement and QC's Opinion on 'True & Fair'
- The Financial Reporting Council (FRC) has published an Opinion by Martin Moore QC. It confirms the continued relevance of the ‘true and fair’ concept to the preparation and audit of financial statements following the enactment of the Companies Act 2006 and the introduction of international accounting standards.
- Filing of Accounts
- [15/04/08] - Part 15 of the Companies Act 2006 sees the introduction of changes to the filing dates for accounts. These will apply for accounting periods beginning on or after 6 April 2008 and reduce the filing date by one month.
- Business Review Reporting Requirements
- The ASB has issued a reminder to UK quoted companies of their requirements to follow the enhanced business review reporting requirements in section 417 of the Companies Act 2006 for years beginning on, or after, 1 October 2007.
- Illegal Dividends
- Guidance for accountants preparing company accounts and auditors on dividend payments which may be illegal.
- Small and Medium Sized Company Limits Increased
- The limits for small and medium sized companies and audit exemption have increased.
- Charity Registrations - New Application Form
- Charity Commission launches new application form and pack for registering a charity.