FRC PLANS SIMPLER SHARMAN GUIDANCE FOR SMES

摘要

The accounting regulator, the Financial Reporting Council (FRC) is to produce a simpler version of its revised Sharman guidance, first published in January 2013, specifically for the use of small to medium-sized businesses (SMEs). This follows feedback from smaller businesses that the proposed guidance, which covers the reporting of going concern and liquidity risks, is not relevant to SMEs in its current form as it was designed primarily for listed entities.