Facing up to IFRS

Gale, Steve

Facing up to IFRS - 2005 - Accountancy 136(1347) November 2005, 92-93(2) .

As the financial reporting framework is subject to continuous revision, limited liability partnerships are facing new challenges in the preparation of the annual accounts. Discusses the impact of the introduction of International Financial Reporting Standards, which although not currently compulsory, are expected to apply to accounting periods ending or after March 2006.