IFRS 9 came into force in 2018 for entities applying International Accounting Standards. While its implementation did not impact Credit Unions applying FRS 102; it
The Financial Reporting Council (FRC) has revised a number of auditing standards that will increase the scope of the work that all auditors are required
This year end is likely to be different from any other due to Covid-19. We therefore thought it would be useful to update last year’s
With most credit unions’ financial year end fast approaching we take a look at preparing for your year end. Focus of the auditor The role
Making Tax Digital (MTD) is a HMRC initiative to make the reporting of taxes for individuals and businesses easier and in a near real time
In this blog we answer some of the common questions we are often asked with regard to loan provisioning. Are FRS 102 and PRA rules
In Autumn 2016, we posted that the FRC were consulting on changes to FRS 102. FRS 102 is the accounting standard that will apply to
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Most Credit Unions are currently dealing with the issues of implementing FRS102 for the first time. The UK’s Financial Reporting Council (FRC), however, have issued a
In the last of our series on FRS 102 we look at two of the issues arising when going through the conversion process. Impairment of
