Financial reporting within the UK can often be a complicated affair. This reflects the range, and variation, of accounting frameworks and therefore ‘rules’ that can apply depending on factors such as the size, ownership and complexity of a business. It is essential that information included within financial statements is fully compliant and produced in an appropriate format for presentation to stakeholders, investors and creditors to aid the decision-making process.
Depending on the circumstances of the business, options available include the various standards under current UK GAAP; from micro accounts, to reduced or full disclosure under FRS 102 to International Financial Reporting Standards (IFRS).
The financial reporting landscape is evolving, with further changes ahead, so there has perhaps never been a better time to seek our advice, knowledge and expertise.
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