It seemed possible for a while that there would be significant changes soon to FRS 102 in respect of revenue, leases and financial instruments. But a new statement from the FRC has confirmed that these plans are now deferred, so preparers can look forward to a period of stability.
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New tax laws on automatic exchange of information will impose extra reporting requirements on some charities that have income from investments and that have beneficiaries, shareholders or lenders outside the UK. Charities with most of their income from donations, and those with all operations, investors and beneficiaries in the UK, will not need to report, […]