ukGAAP Alert - ASB publishes proposals for a Financial Reporting Standard for Public Benefit EntitiesMarch 2011 |
Background
On 18 March 2011 the UK Accounting Standards Board (ASB) issued Financial Reporting Exposure Draft 45 (‘the FRED’) which sets out proposals for a Financial Reporting Standard for Public Benefit Entities. The FRED was developed following considerable support from respondents to the suggestion which was set out in the ASB’s August 2009 Consultation.

