Policy on Developing SORPs – Understanding Statements of Recommended Practice (UK GAAP) скачать в хорошем качестве

Policy on Developing SORPs – Understanding Statements of Recommended Practice (UK GAAP)

Wondering how Statements of Recommended Practice (SORPs) are developed and what role they play in UK financial reporting? This video breaks down the FRC’s Policy on Developing SORPs, explaining how these industry-specific guidelines enhance the application of UK GAAP within particular sectors. 📌 In this video, you’ll learn: What are SORPs and why they are important for industry-specific financial reporting The FRC’s role in overseeing the development and approval of SORPs Eligibility criteria for SORP-making bodies The process and principles for developing a compliant SORP Public consultation, stakeholder engagement, and due process requirements How SORPs align with FRS 102 and other UK GAAP standards Examples of sectors using SORPs (e.g., charities, higher education, pensions, social housing) SORPs provide tailored guidance for complex sectors where standard UK GAAP doesn’t address specific industry needs in enough detail. If you work in a regulated, not-for-profit, or specialized industry, understanding how SORPs are developed and applied is essential. 📘 Based on the current policy issued by the Financial Reporting Council (FRC). 🔔 Subscribe for more UK GAAP insights, SORP guidance, and sector-specific accounting tutorials! #SORPs #UKGAAP #FRC #AccountingStandards #FRS102 #FinancialReporting #CharitySORP #HigherEducationSORP #PensionSORP #SocialHousingSORP #SORPDevelopment #UKAccounting #AccountingPolicy #AccountingEducation #FRCPolicy #ACCA #CIMA