Impact of changes in financial reporting for small and micro entities accounting standards

The FRC (Financial Reporting Council) promotes high-quality corporate governance and set the standards for accounting, auditing, and actuarial work in the UK. The quality of corporate reporting and auditing are regularly monitored by FRC. Recently, FRC published a number of … Continue reading

The XBRL Tagging Conventions (Taxonomies) published by the Financial Reporting Council (FRC) – FRS 101, FRS 102 and EU-adopted IFRS

The Financial Reporting Council (FRC) had released the FRS 101 and FRS 102 which forms the basis of the new UK GAAP. These standards are effective for the accounting periods beginning from 1st January 2015. Based on this, FRC has … Continue reading