This month's exclusive CCH Daily CPD module focuses on limited liability partnership (LLP) accounting standards and the 2017 SORP, small LLPs applying section 1A and micro LLPs, specific accounting requirements for LLPs and auditor resignation
LLPs are able to apply the EU-adopted IFRS, FRS 101 (if the LLP meets the definition of a qualifying entity), FRS 102 (together with FRS 103 and FRS 14), or FRS 105.
By completing this module you will be able to:
- Understand the accounting standards that an LLP can apply;
- Be aware of the requirements for small and micro LLPs;
- Learn about some of the challenge areas in accounting for LLPs; and
- Note that auditor resignation requirement differ for companies and LLPs.
The CPD module takes 15 minutes to complete and has a multiple choice questionnaire once the course is finished.
The course lecturer is Anne Cowley ACA, a senior technical writer of accounting at Wolters Kluwer.
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