Updated TECH 02/10 - Guidance on realised and distributable profits under the Companies Act 2006
ICAEW and ICAS have invited comments on proposed amendments to TECH 02/10 Guidance on realised and distributable profits under the Companies Act 2006.
This version of Tech 02/10 is marked to show the proposed changes (the ‘Exposure Draft’)
Updated TECH 02/10
The changes are largely designed to reflect changes to UK accounting standards, in particular FRS102, and do not raise any fundamentally new principles in relation to realised and distributable profits, but the opportunity has been taken to address certain issues arising. Further details on the main changes are given in the Invitation to Comment contained in the Exposure Draft.
Comments should be sent by email to firstname.lastname@example.org or in writing to the address given in the Invitation to Comment by 9 June 2016.