FRS105 – The new Financial Reporting Standard for Small Entities (in draft)

The Financial Reporting Council (FRC) has recently published FRED 58, being the Exposure Draft for FRS105, which in turn will become the new FRSSE (or replace the existing FRSSE, we believe). Comments on the Exposure Draft was due by 30 April 2015, so if you missed it, we are afraid the the train has already… Read More

The conceptual notion of a ‘Business Model’ in Financial Reporting

Harmonisation of International Financial Reporting standards is a route or journey, where the road map is not yet very clearly defined. However, it is getting there. In a recent article we drafted on IFRS, we argued that the eventual outcome of harmonisation should be the deepening of global capital markets and the spreading of risk… Read More