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The Future of UK GAAP - Implications for the retail, leisure and hospitality sectors

A new framework for accounting could lead to big changes in the financial reporting for retail, leisure and hospitality companies. The UK's Accounting Standards Board (ASB) have recently issued proposals to do away with UK GAAP in its current form for non-listed companies and groups and introduce a cut down version of International Financial Reporting Standards for use in the UK, known as the FRSME.

We have put together a flyer summarising the proposals and the issues affecting retail, leisure and hospitality. The timetable for responding to these proposals is tight (the UK's Accounting Standards Board have set a deadline of 30 April 2011) and so it is important that everyone is well informed to help influence developments.

To view the flyer please click here.

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