Accounting updates: November 2016

In the roundup of the latest accounting developments, FRS 102 reporting rules see Companies House reject small company accounts, FRC plans to update FRS 102, trial date set for Tesco misstatement case in 2017

FRS 102 reporting rules see Companies House reject small company accounts

The move to new UK GAAP accounting rules for small companies has led to Companies House rejecting accounts filed by the 30 September deadline as companies and accountants are falling foul of complicated reporting rules under the Companies Act and FRS 102 exemptions, warns ICAEW.

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FRS 102 reporting rules see Companies House reject small company accounts

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