Financial Reporting Standard for Medium Sized Entities (FRSME): Will the move to the FRSME impact my company financial statements?

Contacts: Mike Whittall or Joyce Nicolson
Anderson Anderson & Brown LLP (Scotland)

On 29 October 2010, the accounting standards board issued its proposal to introduce an international based financial reporting framework for UK companies which are not publicly accountable. It is likely that your business will be impacted by this proposed change unless it has already adopted full International Financial Reporting Standards (“IFRS”) or is small enough to be able to adopt the existing Financial Reporting Standard for Smaller Entities (FRSSE). Click here to read the entire article.