NEW
REGULATIONS CHANGE
ACCOUNTING AND
REPORTING REQUIREMENTS
Gerry Sutcliffe,
Minister for
Employment Relations
and Consumer Affairs
on 16 August 2005
announced a new series
of regulations
amending the
accounting and
reporting requirements
for companies, and
making certain
amendments for
non-companies.
Three sets of
regulations, laid
before Parliament on
15 August 2005, extend
the option to prepare
and distribute summary
financial statements
from listed companies
to all companies that
have had their
accounts audited. They
also ensure that
companies preparing
their accounts in
accordance with
International
Financial Reporting
Standards can continue
to use summary
financial statements.
The Statutory
Instruments, reference
numbers are
2005/2281, 2005/2280
and 2005/2282 and can
be viewed from the
HMSO
website
For further
information
about Summary
Financial Statements
please click
here.
