Monday, May 28, 2012

Ernst & Young comment on future of financial reporting proposals

Yesterday, the comment period closed to give feedback to the UK Accounting Standards Board’s (ASB) proposals for the future of financial reporting in the UK and Ireland.

Andrew Davies, Leader of Financial Accounting Advisory Services in the UK and Ireland at Ernst & Young said:”We support the ASB’s proposals for a mandatory implementation date of 1 January 2015 for the revised reporting framework proposals. We also agree that early adoption is permitted for periods beginning after the date of publication of the standards.

See full Press Release.