The Accounting Standards Board (ASB) is currently calling for comments on proposals for the future of financial reporting in the UK and Republic of Ireland. For outline details see the ASB key fact sheet (PDF, 274Kb).

The new arrangements are proposed to begin for financial years beginning on or after 1 July 2013. To view the full consultation please access the following link: The Future of Financial Reporting in the UK and the Republic of Ireland (External link)