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Financial Accounting

C/F/643. Regularity framework of financial reporting in UK and the issue of IFAS

WORDS:
1600
DATE:
2010
PRICE:
19.99 GBP

The paper looks at the principles and regulatory framework of financial reporting in the UK discussing the need to disclose financial information and describing the regulatory bodies in UK public finance, i.e. the Financial Reporting Council (FRC), Financial Services Authority (FSA), Accounting Standards Board (ASB), etc. Advantages and disadvantages of international standards in financial accounting (IFAS) are discussed.

 

KEYWORDS: Regularity framework, financial reporting, international financial accounting standards, IFAS,

 
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