OSCR response to the ASB consultation on the future of accounting

05 February 2010

The consultation paper published by the Accounting Standards Board outlined a number of areas that are currently being examined for future change in order to converge UK accounting practices with International Financial Reporting Standards.  OSCR has responded to the consultation looking specifically at the proposals in relation to charities and has set out its thoughts on the proposals and what it considers the most preferable way forward. 

You can read the response made by OSCR here.   

OSCR has also responded to the consultation in its capacity as part of the joint Charities SORP- making body alongside the Charity Commission for England & Wales.  This response will be published on the websites of both OSCR and the Charity Commission after the next meeting of the Charities SORP Committee in March 2010.