Editor's comment: FRSSE plan is flawed

The realisation that FRSSE 2015 was a realistic proposition raises questions about the vision and purpose of the UK accounting regulator, says Sara White

The regulators are having a busy time rolling out new UK GAAP, while consulting on the future of small business accounting.

While many of you are aware of the upcoming changes to current UK GAAP with the introduction of FRS 102, few of you may realise that small companies are going to have to change accounting frameworks twice in one year as a new FRSSE is being introduced for accounting periods beginning on or after 1 January 2015.

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