financial reporting

choi2000 | 15:47 Tue 15th Oct 2002 | How it Works

1 Answers

What are the regulatory framework governing financial reporting in the UK?

Guiness 'widgets!!!!!

old ten pound notes

Answers

Only 1 answer

Best Answer

No best answer has yet been selected by choi2000. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.

Andromeda

Choi, Companies Act 1985 is the main legislation for financial reporting in the UK. This is supported by a number of standards (which now mirror the international standards) issued by the [URL=www.asb.org.uk]ASB[/URL]. Published accounts have to comply to both these in order to pass the audit. Depending on the nature of the company there may be other regulations which apply - e.g. companies quoted on the [URL=www.londonstockexchange.com]London Stock Exchange[/URL] are subject to futher requirements, especially on the role of Corporate Governance and Internal Control.

Andy

Only 1 answer

Do you know the answer?