Limited liability partnerships (LLP) SORP for 2022

Following the release of the latest LLPs SORP, Kate Beeston ACA from Croner-i and Janet Milligan ACA from the LLP SORP steering group set out the key changes and the practical impact for preparers and auditors of limited liability partnership accounts

In December 2021, the CCAB issued the revised Statement of Recommended Practice – Accounting by Limited Liability Partnerships (LLPs SORP), effective for periods commencing on or after 1 January 2022 with early adoption permitted.

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