ICAS has updated its guidance on UK financial reporting requirements for small and micro-sized entities

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By James Barbour CA, Director, Policy Leadership

13 February 2023

James Barbour CA highlights updated ICAS guidance on UK financial reporting requirements for small and micro-sized entities.

We have published an updated guide for members. The guidance aims to help you apply the financial reporting requirements for small and micro-sized entities.

The guidance covers the following topics:

• The accounting options available to small entities under UK GAAP.
• The requirements of the micro-entities regime under company law and FRS 105.
• The filing requirements for small and micro-sized companies.

The guide reflects reporting requirements for periods commencing on or after 1 January 2021.