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Accountancy

In the UK, preparing financial statements is a legal requirement for companies, and with that comes the responsibility to ensure that those financial statements are compliant not only with the latest legislation, but to adhere to the relevant accounting standards that a company has adopted, such as UK Generally Accepted Accounting Principles (UK GAAP) or International Financial Reporting Standards (IFRS) and the respective listing rules for those companies listed on an exchange.

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International Financial Reporting Standards (IFRS)

London’s Main Market companies as well as most AIM-listed companies are required to prepare consolidated financial statements in accordance with UK-adopted IFRS.

Keeping abreast of the ever-evolving IFRS standards can be daunting and our team of IFRS experts is at hand to help. We can assist in the preparation of accurate and fully compliant IFRS financial statements for groups and private companies.

Our team can also provide expert guidance on complex accounting issues such as convertible loan notes, offer insights into the implications of accounting choices and assist in the interpretation and application of IFRS principles. Click here to learn more about our IFRS reporting and technical accounting.

Ultimately, One Advisory is here to work with you to ensure that your financial statements not only meet the regulatory requirements but can take a lead role in dealing with the audit team to get the financial statements through to completion.

Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102)

Financial Reporting Standard applicable in the UK and Republic of Ireland (Section 1A)

FRS 105: The Financial Reporting Standard Applicable to the Micro-Entities Regime

Click below to see more about what we can do for you or contact us for an introductory discussion.